Buy Spanco into dips: Devang Visaria

Devang Visaria, Chief Strategist, devangvisaria, in a chat with ET Now speaks about Spanco.

What about Spanco?

Very sharp run up from 120 in just 5 sessions rallied towards 170. That is the reason why you are seeing some profit booking coming into the stock.

The stock is looking very strong on the medium term charts. So any dips to 140-150 if you do get that, that would be a strong opportunity to get into the stock and build fresh positions. But at current levels, definitely some profit booking is on the cards.