Nov 30, 2016 03:31 PM IST | Source: CNBC-TV18

Stay with Balmer Lawrie, may test Rs 1200: Sandeep Wagle

Sandeep Wagle, Founder & CEO at is of the view that one may hold Balmer Lawrie.

Sandeep Wagle, Founder & CEO at 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.
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