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Jan 03, 2018 03:10 PM IST | Source: CNBC-TV18

Sell JHS Svendgaard Laboratories at around Rs 78: Sandeep Wagle

Sandeep Wagle of advises selling JHS Svendgaard Laboratories.

CNBC TV18 @moneycontrolcom

Sandeep Wagle of told CNBC-TV18, "I think JHS Svendgaard Laboratories is likely to move in the Rs 70-80 range in the short-term. Long-term I would be bullish but short-term I don’t see a move beyond that. So, near Rs 80, around say Rs 78 or so I would recommend the sell. In case Rs 70 were to be broken down then further downsides are likely, so keep a stoploss of Rs 68."

At 15:06 hrs JHS Svendgaard Laboratories was quoting at Rs 73.85, up Rs 0.55, or 0.75 percent.
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