Go long on Sintex: CK Narayan

CK Narayan, Growth Avenues Asset Advisors, in a chat witH ET Now, gives his stock call



Why is your recommendation for Sintex?

I have a recommendation to go long on Sintex. Sintex has been consolidating after some decent gains in recent times. The quarterly numbers caught the markets by surprise and it has been trading up better. Today Sintex seems to be launching a kind of a breakout from the congestion that it had been in to over the last couple of days. Sintex is a great buy at avbour Rs 74.5 with a stop of about two points from your entry, say around Rs 72 levels and looking for an immediate target at about Rs 80-82.