Moneycontrol
Aug 16, 2016 04:06 PM IST | Source: CNBC-TV18

Hold Snowman Logistics: Rajat Bose

Rajat Bose of rajatkbose.com is of the view that one may hold Snowman Logistics.

Rajat Bose of rajatkbose.com told CNBC-TV18, "The talk of GST has actually made lot of investors getting into logistic stocks be it GatiAllcargo, Snowman at very high levels. All of those stocks are now correcting. So, what I would suggest is that one should continue to hold Snowman Logistics with a stoploss below Rs 53 on the close. So, that means if it were to close below Rs 53 then only you seek an exit otherwise hold on to it. These stocks do recover and Rs 90-95 is my medium term target."

Snowman Logistics ended at Rs 64.50, down Rs 2.35, or 3.52 percent on the BSE.
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