Buy NHPC, advises Shardul Kulkarni

Shardul Kulkarni of Angel Broking told CNBC-TV18, "We saw a strong move a couple of days back in NHPC from Rs 18.50 right up to Rs 19.80. After that the stock consolidated for the last five-six trading sessions. Today it has given another upmove. There is decent impulsive way, which is expected in the stock. So I would buy the counter with a stoploss of Rs 18.40 on the lower side and expect the stock to move to around Rs 20.20-20.30 levels."

"It is a positional call and not expected to happen in a day’s time or over the next three-four days but traders are advised to hold on to the stock with a stoploss of Rs 18.20 for the next 8-10 trading sessions where one can make decent bit of money," he said.

Disclosure: He may have positions in the stock discussed and may have recommended them to his clients.