Moneycontrol
Aug 09, 2017 03:08 PM IST | Source: CNBC-TV18

Exit Lupin on bounce, says Sandeep Wagle

Sandeep Wagle of powermywealth.com advises exiting Lupin on bounce.

Sandeep Wagle of powermywealth.com told CNBC-TV18, "I think there will be some more downside before we expect a bounce in Lupin. If one has a view of 12-15 months then I do not have a problem. But a view of only few days or a few weeks then cut it out on a bounce back in the range of Rs 1,020-1,040."

At 15:04 hrs Lupin was quoting at Rs 957.55, down Rs 16.90, or 1.73 percent on the BSE.

It has touched a 52-week low of Rs 955.50.

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