Hold Crompton Greaves for long term: Anu Jain

Hold Crompton Greaves for long term, says Anu Jain, Sr Vice President, IIFL Private Wealth Management.

Jain told CNBC-TV18, "I have had a look at Voltas and Crompton Greaves and we have been following them in fact I was mentioning earlier that Voltas dips till Rs 94 becomes a buy opportunity because Rs 110 around is the target which is basically looking achievable."

She further added, "Crompton Greaves is a better pick to hold for a longer period of time because this is something which has moved up from those Rs 106 levels right up to Rs 146 odd levels, so it slightly would be a buy on dip strategy. So you get it closer to those Rs 136-140 kind of levels that would make it good and I feel that Rs 163-164 is definitely a resistance. But it could probably even scale up to those Rs 180-190 levels over a three-four month period if the market were to stay sideward also. So I would not pick it up in a rush now but this is something I would buy at dips and hold for probably six months."