Buy IRB Infrastructure on dips, says Anu Jain

Buy IRB Infrastructure Developers on dips, says Anu Jain, Sr Vice President - IIFL Private Wealth Management.

Jain told CNBC-TV18, "I like the way IRB Infrastructure has managed to hold on to Rs 197 levels even despite the other infra stocks correcting. I feel that as long as it can stay up to Rs 190, so I have said depending on the market how it prunes out over the next couple of days if you manage to - the market is holding on - you can get in right at this level, if the market is correcting then upto about Rs 192 with a stop loss around Rs 190, I think this is definitely poised towards the early Rs 210 in the first move and then probably closer to Rs 220 a little later."
She further added, "So even as an investment as a swing call, I would buy into this counter depending on the market if it opens weak and it continues to be weak, I would probably buy it a little lower but if there is momentum building into the market. I think this stock will build and perform far better than the market."