Buy Tata Global Beverage: Nooresh Merani

Nooresh Merani of Analyse India told CNBC-TV18, "Tata Global Beverage is more like a risk reward bet where in the stock generally gets to make a bottom around Rs 150-155 level and bounces back to Rs 165-170 and this has continued for very long. May be going ahead we could see a breakout above of Rs 165-170 level. So, one can buy the stock at current level with a small stoploss at Rs 150 and a target price of Rs 170-180 in the short-term."

At 14:21 hrs Tata Global Beverage was quoting at Rs 156.65, up Rs 0.70, or 0.45 percent. It has touched an intraday high of Rs 157 and an intraday low of Rs 154.50.