Unitech poised for a strong break out: Jitendra Mehta, Edelweiss

SAIL, Unitech, Kotak Mahindra Bank and Petronet LNG, what is your favourite here?

Jitendra Mehta: Out of these names, I will go with Unitech. It looks very strong breakout. It has not been able to breakthrough 91 for a while and after 9 to 10 months consolidation, it just moved above that level. So 20-25% returns are likely on Unitech. I will go with Unitech followed by Kotak Mahindra Bank followed by Petronet LNG.

Your call on BHEL and L&T?

Jitendra Mehta: BHEL is one of our longs. This stock has been consolidating for a while in this trading range. It has just broken through that range here. So possibly 2700 on BHEL is likely. L&T 2150-2175 is the price target we are looking at it.