Buy Crompton Greaves on dips: Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "I like Crompton Greaves for long-term than short-term necessarily. However, I will use an opportunity to buy at least in the near-term for targets of Rs 197.""I would like to buy the stock only on a dip, so may be if you probably get a on Rs 190 odd level I would look at entering. So, Rs 197 is my near-term target on the stock however, we believe Rs 215-220 is a fair target to work with over the next couple of week, so stretch the time line and I think we will get a lot more," he said.