Buy Alok Industries and Patel Engineering: Ashwani Gujral
Patel has done quite a bit from levels of 140. If you get another big day on Patel, 3 big days qualifies as a decent profit that people can book.
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| Updated: ET Now spoke to Ashwani Gujral, Chief Market Strategist, ashwanigujral.com on Alok Industries and Patel Engineering.
What about the midcap universe, stocks like Alok Industries and Patel Engineering?
Patel has done quite a bit from levels of 140. If you get another big day on Patel, 3 big days qualifies as a decent profit that people can book. Alok Industries as long as the market remains buoyant, this could easily touch levels of 30. Anything above 30 tends to peak out around those levels. It is generally a buy around 16 to 18 and you can get a good ride back up to 30 but around 30 plus, probably are levels of booking out of these stocks.
What about the midcap universe, stocks like Alok Industries and Patel Engineering?
Patel has done quite a bit from levels of 140. If you get another big day on Patel, 3 big days qualifies as a decent profit that people can book. Alok Industries as long as the market remains buoyant, this could easily touch levels of 30. Anything above 30 tends to peak out around those levels. It is generally a buy around 16 to 18 and you can get a good ride back up to 30 but around 30 plus, probably are levels of booking out of these stocks.
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