Buy HDIL with stoploss of Rs 107: LKP

Buy HDIL with a stoploss of Rs 107, says Rakesh Gandhi, Senior Tech Analyst, LKP.

Gandhi told CNBC-TV18, "One stock which looks good for a trading at this point of time is HDIL and I think if the stock trades at this level of Rs 112 by closing also today, it has the potential to go upto Rs 125 maybe in one week or so. So it could be bought with a stoploss of Rs 107 on a short term basis."
He further added, "Another stock which looks good for buying on declines is Crompton Greaves. If it is bought on declines at around Rs 150 or Rs 155 levels then that also would give a bounce from that level, so Crompton Greaves also look good on chart and should be bought on declines." Disclosure: I do not have exposure but we regularly recommend at LKP.