Buy Bharat Petroleum Corporation, Havells: Manoj Murlidharan

Manoj Murlidharan of Religare Securities told CNBC-TV18, "There is good cash buying long built up as well, so in oil & gas we are seeing stocks which have been bought yesterday. The follow up buying can go on. Try to buy Bharat Petroleum Corporation (BPCL) between Rs 1,010 and Rs 1,013 which is more or less yesterday’s closing. Stop loss should be Rs 998 and target would be Rs 1,033. So at least a Rs 22-23 which is a good move in this stock is what we are expecting." "We have a buy on Havells India as well. Now, we are trying to follow this concept of buying in the cash through the net, shorting the stock. So, Havells even in yesterday’s trade, on the derivatives side it was more flat but then we have seen good traction which is having the cash market as well. Havells is a buy at Rs 356, the stop loss should be Rs 349 and we are expecting a target of Rs 368 on that," he said.