Hathway Cable remains a good buy at lower levels: Rajat Bose

In a chat with ET Now, Rajat Bose, rajatkbose.com, shares his views on various stocks.

ET Now: What is the call on Hathway Cable?

Rajat Bose: Hathway Cable looks pretty good. For the last 4 trading sessions until yesterday, it was moving up after a correction from 195 to about 150 odd levels. The stock has moved up yesterday up to 172.90 on closing price basis and now is trading at 175.

Expect this recent high of 190 which is the 52-week high to be retested. The only thing that might act as a concern is that the stock is bit too overstretched from its 200-day moving average which is below 130. So, if it overstretches too far from that moving average, a regressing to the mean kind of move will happen.

There would be another bout of correction going forward. Overall at lower levels, definitely it continues to be a good buy.