Go long in Divis Laboratories: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com told CNBC-TV18, "Looking at the markets, I would like to go long in some defensive names like Divis Laboratories and Godrej Consumer Products. Divis Lab is making higher tops and higher bottoms from level of Rs 1,900 and with nominal volumes and today it broke the resistance of Rs 2,425. So I think the stock has potential to touch Rs 2,600 soon. At current level, one can go long with the stop loss of Rs 2,375."At 15:19 hrs Divis Laboratories was quoting at Rs 2,444.30, up Rs 40.85, or 1.70 percent. It has touched a 52-week high of Rs 2,483.60.Disclosure: Analyst has no personal holdings but has recommended the stock to his clients.