Buy IRB Infra, advises Manas Jaiswal

Manas Jaiswal of Manasjaiswal.com is of the view that one may buy IRB Infrastructure Developers at current levels as the stock can test around Rs 230 in next two-three trading sessions.

Manas Jaiswal of Manasjaiswal.com told CNBC-TV18, " IRB Infrastructure Developers is a clear breakout case. For last almost 15-20 trading sessions the stock was facing a lot of resistance near to Rs 210-212 but today it has broken that resistance and volumes are good. So, you may see a sharp upmove. The stock can test around Rs 230 in next two-three trading sessions. So, one can buy the stock at current levels, keep a stoploss below Rs 210."

At 14:08 hrs IRB Infrastructure Developers was quoting at Rs 216.05, up Rs 9.70, or 4.70 percent. It has touched an intraday high of Rs 217.65 and an intraday low of Rs 207.

Disclosure: Analyst does not have any personal positions in the stock but has recommended the stock to his clients.

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