Buy Havells; sell TVS Motors, Shree Renuka Sugars
Siddharth Sedani, AVP (Portfolio Management Service), Microsec Capital Ltd and Abhijit Paul, AVP - Technical Research, Brics Securities agree that Havells is a relatively strong stock as its business is good and the management is bringing in innovation. Also, they say that Shree Renuka Sugars stock is in a downtrend and is drifting further. On TVS Motors, Siddharth Sedani said, "The company has been performing on the sales front and is getting into new segments. However, it has lower margins vis-a-vis its peers. The stock is available at 50 per cent."
