Rahul Mohindar of Viratechindia.com told CNBC-TV18, "Havells India has been down for last five or six sessions. Today we picked up about a percent or more, but the last five or six sessions prior to today were really a fairly strong correction in fairly straight line. Again given the scenario that the long-term on the stock is very positive and you cannot even see new highs if you are looking it from medium to long-term point of view on the stock. From a very short-term angle too if I get in at the current levels I would reckon Rs 760 which is good support can be used as a stoploss level, so if it breaks down Rs 760 one could get out."
He further added, "In very near-term Rs 820 is what we see as the immediate target given a week or so, but on bigger picture look at levels closer to Rs 900 if you are willing to hold on to Rs 3-6 months. So it definitely makes a good buy from both an investment standpoint as well as a short-term trade source."
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