Enter Garware Wall Ropes, target Rs 400: Nooresh Merani

Nooresh Merani, CEO at Analyse India told CNBC-TV18, "I like Garware Wall Ropes which has come out with a decent set of results. If we look at a longer-term chart, the price was around Rs 255-258 in 2007. Now the stock has crossed above those levels, made a high towards Rs 340 and has been retracing back to Rs 260-280 levels.""It becomes a good entry point with a medium to longer-term outlook wherein we can look towards the target price of Rs 400 keeping a stop loss at Rs 250," he said.