Buy IRB Infrastructure for short term: Sahil Kapoor

Sahil Kapoor of Edelweiss Financial Services told CNBC-TV18, "IRB Infrastructure Developers is a high beta stock. It is a short-term play on the stock. I guess the kind of volumes and breakout that we are witnessing on IRB is clearly a breakout which is seen on medium-term charts. So, I guess the move towards Rs 268 is warranted in the short-term. I would play it only as a short-term bet. If it comes to Rs 250 I would be a buyer with a stop loss below Rs 238."At 14:29 hrs IRB Infrastructure Developers was quoting at Rs 250.75, up Rs 7.25, or 2.98 percent. It has touched an intraday high of Rs 255.80 and an intraday low of Rs 243.