Buy Gruh Finance on declines: Gandhi

Buy Gruh Finance on declines, says Rakesh Gandhi, Senior Tech Analyst, LKP.

Gandhi told CNBC-TV18, "One can buy Gruh Finance on declines. It has given a very sharp rally in last three weeks from Rs 300 upto Rs 540. I think this stock has a strong momentum with great volumes, today also the volumes are too high."
He further added, "Not at this point of time but on pullback and as and when it comes near maybe upto Rs 460 or Rs 420 levels, one can buy and enter this stock because that was the previous high that stock had made in September 2010 around Rs 450 and a pullback upto that level or upto Rs 475 would be an ideal level to buy and hold on for a further rally on the upside." Disclosure: I am not holding any position in the stock but we are regularly recommending to LKP clients as and when it happens for a trading opportunity.