Manoj Murlidharan of Religare Securities advises buying ITC, V-Guard Industries and Marico.
Manoj Murlidharan of Religare Securities told CNBC-TV18, "We would be buying V-Guard Industries. The stock has shown long built-up along with cash delivery, so at Rs 189 to Rs 190 we still recommend buying. The stoploss should be Rs 184. The distribution might come further; somewhere close to Rs 212-214, so that should be the target.”
He further added, “We like Marico at Rs 312. We recommend buying. The stoploss should be Rs 304 and we expect a target of Rs 333.”“In ITC, after a long time, we have seen good buying. In a range of Rs 252-284 is what it trades, so we are recommending buying at Rs 265 with a stoploss of Rs 253 and expect target close to Rs 283 on ITC,” he said.