Vesuvius India a good stock to buy intraday

ET Now caught up with Devang Visaria, Chief Strategist, devangvisaria.com on his buy and sell recommendations for today.

ET Now caught up with Devang Visaria, Chief Strategist, devangvisaria.com on his buy and sell recommendations for today.

Your views on Vesuvius India and Monnet Ispat?

Vesuvius India is just hit a fresh all-time high and closed also in good territory. The only thing again here is that volumes into dry out when the stock is in a slight correction kind of mode. So if you look at today's volume, its down 1% and hardly 35,000 shares have been traded around the BSE, whereas in Friday session when the stock was showing smart gains you had almost 4 lakh shares getting traded. So if you are a patient investor, Vesuvius India is a good stock with a stop loss of possibly 210-215. Its become a good investment call you could look for targets of closer to 300-325 on Vesuvius over the next three or four months. Another stock which you said was Monnet Ispat that looks like a good bet and also it is having good volumes traded if it comes around 405-420 range. It becomes a good buy with a stop of around 395, could possibly look for targets of 475 or 500 on this one.
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