Buy Triveni Engineering with target of 26: CK Narayan

In a chat with ET Now, CK Narayan, Growth Avenues Asset Advisors shares his views on various stocks.

ET Now: What is your call on Triveni Engineering?

CK Narayan: Triveni Engineering is a very small cap and a very small price stock which people love to punt on. This is from the sugar sector. Triveni Engineering is what I would want to recommend. The price is around Rs 23. The stock has opened up with an upside gap. I do not want to give it too much room to breathe. So, I would suggest going long in it with a stop loss at about 21.5 to 22.

We are risking about maybe Re 1-1.5. The lot size on futures may be large so smaller investors would want to look at it from a delivery based point but those who want to venture into futures could also do so but remember that the lot size will be pretty large and therefore the risk would also be greater. Stop loss of about 22 or 21.5 and looking for a target at about 26.