Stay invested in Power Grid, says Nooresh Merani

Nooresh Merani of Asian Market Sec told CNBC-TV18, "If you look at Power Grid for the short term charts it has given a break out above Rs 150-155 levels. As well as if you look at the all time highs are around Rs 165-170 zones but it is very close to getting into an all time high showing a good positive trend in the short term as well as in the long term. So, we would expect much more momentum into the stock once it starts sustaining above the Rs 170 levels.""I would suggest a hold at current levels and ride on to the stock," he said.At 15:26 hrs Power Grid Corporation of India was quoting at Rs 163.95, up Rs 0.65, or 0.40 percent on the BSE.