Buy Havells India, says Monal Desai

Monal Desai of Sunidhi Securities told CNBC-TV18, "I feel that Havells India has consolidated very well around Rs 270-275 levels, so recommending a buy over there. Currently trading around Rs 278, I am expecting a target of Rs 305 so you can trade with that on the long side with the stoploss at Rs 267."

At 13:36 hrs Havells India was quoting at Rs 276.20, down Rs 0.05, or 0.02 percent on the BSE.

The share touched its 52-week high Rs 346.15 and 52-week low Rs 144.23 on 10 December, 2014 and 27 January, 2014, respectively.