Go long on Voltas: Manoj Murlidharan

Written By Unknown on Jumat, 05 April 2013 | 20.07

Manoj Murlidharan, IIFL advises to go long on Voltas with a stop loss of Rs 274.50.

Murlidharan told CNBC-TV18, "I would go with Voltas which is currently trading at Rs 76.50 - that is one script where we feel good accumulation is going on with a short covering that has happened in today's trade as well. So go long on the futures Rs 76.50 with stop loss of Rs 74.50 and we are expecting close to Rs 81 in trade in couple of days with Voltas."

On April 05, Voltas closed at Rs 76.45, up Rs 0.70, or 0.92 percent. It has touched an intraday high of Rs 77.20 and an intraday low of Rs 75.80.



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