Buy Sintex Industries on declines, advises Shardul Kulkarni

Shardul Kulkarni of Angel Broking told CNBC-TV18, "Sintex Industries gave a decent breakout in yesterday's trading session. Today also the stock is buzzing, but if one sees the chart structure it has given a fresh breakout in yesterday's trading session."

"I would recommend buying the stock on declines towards Rs 37. Even towards Rs 36.50 the stock can be bought. The stoploss should be at Rs 34.50 and Rs 42 is a target price which can be achieved in the stock. Today's volumes are quite strong in Sintex and this breakout should last going forward. So, Sintex would be a buy and stoploss will be at Rs 34.50," he said.

Disclosure: He may have recommended the stock to his clients and they may have taken them in their portfolios.