Hemen Kapadia of KR Choksey Securities told CNBC-TV18, "Jain Irrigation Systems is a hold and add. The stock has had a decent time price retracement from Rs 133 to Rs 84. The downside appears limited. It is oversold. We seem to be in a longer-term uptrend, so not only a hold, probably add at these levels."
Jain Irrigation Systems closed at Rs 89, down Rs 1.85, or 2.04 percent.
The share touched its 52-week high Rs 133.45 and 52-week low Rs 54 on 08 July, 2014 and 29 August, 2013, respectively.