Accumulate Hindustan Construction Company: Mitesh Thacker

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I have been very bullish on Hindustan Construction Company. In the last few weeks, we have seen the stock do nothing but consolidate between Rs 41 and about Rs 38.50. That remains a buy eventually if it breaks on the upside. So, I would accumulate it slowly, keep a stop loss below Rs 37 and look for targets of around Rs 47. Once it crosses Rs 41-41.50, you can be more aggressive because then the momentum will come into this stock."At 11:24 hrs Hindustan Construction Company was quoting at Rs 41.60, up Rs 2.55, or 6.53 percent. It has touched a 52-week high of Rs 43.50.