Murlidharan positive on ONGC, Exide

Manoj Murlidharan Vayalar, IIFL is positive on ONGC, Exide. Keep stop loss of Rs 108 in Sterlite Industries.

Murlidharan told CNBC-TV18, “I am still very positive on ONGC . I feel Rs 302 is what we are looking into that. So we still maintain on that. Second would be an Exide. That is one script in the auto segment we are seeing good money coming in. Obviously lot of scripts- the big boys have rallied. So 

would be our top pick. I guess Rs 132 is what it is trading at. Rs 144 is what we are seeing. Keep a stop loss at Rs 126.”

He further added, “Second long call would be Sterlite Industries . This is one stock in the metal sector which is actually seeing continuous buying since the last 20-21 days. Needless to say cash based buying and a long built-up. So the second pick would be Sterlite. Rs 112 is what it is trading at and we feel somewhere close to Rs 123 very much possible. Keep a stop loss of Rs 108.”