HomeNewsBusinessStocksBuy Voltas, target Rs 355: Rahul Mohindar

Buy Voltas, target Rs 355: Rahul Mohindar

According to Rahul Mohindar of viratechindia.com, one can buy Voltas for target of Rs 355.

July 26, 2016 / 11:06 IST
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Rahul Mohindar of viratechindia.com told CNBC-TV18, ""One stock, which comes to my list would be Voltas. If you are a longer-term investor, technically this stock can move to even Rs 450-460. But if you are talking short-term and trying to make entries at current level, I still think it is worth buying into, Rs 355 is a reasonable target you could expect maybe in only a couple of days. Possibly I would add Voltas to my buy list with Rs 327 being a stop loss.""Asian Paints is a classic case where the stock is at a new high. Even now, if you look at bulk of the volume, in the very near-term it was around Rs 1,015-1,020. So unless those levels breakdown, nothing to panic and I would keep a trailing stop loss below those levels and continue holding but possibly not look at a fresh entry at this point," he said."Sun Pharma has been stagnating for a few days and the last 15 odd trading sessions have been rangebound and if we can knock out those highs of about Rs 370-365 that is an area which can get suddenly be very interesting."

first published: Jul 26, 2016 11:06 am

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