Prefer AIA Engineering, says Anu Jain

Anu Jain of IIFL Private Wealth Management is of the view that one may prefer AIA Engineering.

Anu Jain of IIFL Private Wealth Management told CNBC-TV18, "I like the way  AIA Engineering closed and it has been into my top trading stocks for the last one month, the trend is only being getting stronger since the time it crossed and broken out over Rs 1,200, it is looking pretty decent."

"It is trading around that Rs 1,260 zone, I am looking for Rs 1,400 target so whether the market is strong or weak, I would probably look at current market price or any one or two percent correction to get into the stock and since I said that the breakout level happened at about Rs 1,200, that would be my stoploss and I am looking for a target of Rs 1,400, this should be about two-three weeks time, so it is a swing call for roughly about 10 percent," he added.

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