HUL, IVRCL, Welspun Gujarat a buy: Anil Manghnani

HUL, IVRCL, Welspun Gujarat. Are they buys at the current levels?

I think so. I think with the Hindustan Lever I think it’s a little oversold so may be a trading bounce. It has already started moving up but I think still some upside. I said 240 but I think it can stretch even up to 245 as a trading idea.

Welspun I went more with the fact that stock has been falling quite sharply and now it is at its 200-day average. So I think a bounce with the stop may be of 230 bounce back to around 250-254 levels is possible. Similarly with IVRCL like another trading move, I think the market has got legs now to move up may be 4920-4950 sort of range. So in that IVRCL 310 to 300 will be a buy target may be 325-335 range.

(The expert is director, Modern Shares and Stockbrokers Limited)