Stay with Balmer Lawrie, may test Rs 1200: Sandeep Wagle
Sandeep Wagle, Founder & CEO at powermywealth.com is of the view that one may hold Balmer Lawrie.
Sandeep Wagle, Founder & CEO at powermywealth.com told CNBC-TV18, "I would be bullish on Balmer Lawrie. I would hold on with a stoploss of Rs 900 that will protect the downside. I think Rs 1,150-1,200 is what I would expect. So, if one has a year’s time, I think Rs 1,150, maybe even Rs 1,200 is what one should look at."
At 15:24 hrs Balmer Lawrie and Company was quoting at Rs 982.00, up Rs 15.75, or 1.63 percent.
It has touched a 52-week high of Rs 993.95 on the BSE.