Watch the interview of Vishal Malkan, malkansview.com with Sumaira Abidi & Nigel D'Souza on CNBC-TV18, in which he shared his readings and outlook on specific stocks and sectors.
Below is the verbatim transcript of Vishal Malkan’s interview with CNBC-TV18:
Sun Pharmaceutical Industries
Sun Pharmaceutical Industries just had a fresh breakout in the last week about that Rs 1,000 mark and it is sustaining with good volumes. It is a good stock fundamentally, technically and the sector is also outperforming, so definitely a hold. When you are making money the best idea is to have a trailing stoploss and I would suggest rather than booking profits put trailing stoploss around Rs 975, which would be a good support below which it can go further down. So hold on with a stoploss of Rs 975 especially a good bet in the sector.
Pipavav Defence
Pipavav Defence and Offshore Engineering Company already had a good run up in the last three-four months from Rs 35 levels to around Rs 90. After the news of Reliance taking over, it has given a dip kind of a correction which it can go down further to around Rs 55 where it is a good support and where it can take some support and another round of buying can come. Therefore, I would advice to hold on to the stock and add some more around Rs 55-60 levels.
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