Buy Nestle India on dips: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Nestle India is very good for long term. I am looking at somewhere between Rs 9,500-10,000 zones. It has been trading sideways for last two years, but the structure in the last year is good. It gives me higher bottom. It is a buy and hold. You get dips, those are actually buying opportunities. Have patience, you will make money in the stock."

Nestle India ended at Rs 6,804.95, up Rs 20.20, or 0.30 percent on the BSE.

The share touched its 52-week high Rs 7,390 and 52-week low Rs 6,450 on 29 July, 2016 and 09 November, 2016, respectively.