Avoid Jain Irrigation, look at BoB: Nooresh Merani

Nooresh Merani, CEO at Analyse India told CNBC-TV18, "Tata Global Beverage has been a terrible laggard over the last couple of years wherein generally the stock could find support around Rs 135-140 but on the longer-term basis we have a lot of supports in the band of Rs 110-115 where it made a low recently. So from here we can look towards Rs 140 but major long-term uptrend would start once we start crossing Rs 140-145.""Jain Irrigation Systems would still be an avoid given that it is in a downtrend. Bank of India (BOI) has been another performer in the public sector undertaking (PSU) bank space. So instead of BOI, we could look at Bank of Baroda (BoB) which has been holding above the lows of Rs 145-165," he said.