Hold Alok Industries: Anu Jain

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Alok Industries has support at Rs 22: Sukhani Alok Industries can test Rs 30-32: Rajen Shah ALSO READ See previous views by Anu Jain See what other Experts & Brokerages are saying about Alok Industries See messages about Alok Industries Alok Industries BSE | NSE 21/02/12 Are Mutual Funds betting on Alok Industries?

Hold Alok Industries , says Anu Jain of IIFL Private Wealth Management.

Jain told CNBC-TV18, "I would just hold Alok Industries and not really get into a fresh buy. Would keep a stop loss of Rs 22.80 and I can go to about Rs 24.70 levels. So, in terms of percentage that works out to be something. So I would continue to hold it."

Alok Industries has touched an intraday high of Rs 23.95 and an intraday low of Rs 22.50. Yesterday the share closed down 1.29% or Rs 0.30 at Rs 22.90.

Market capitalisation stands at Rs 1,387.05 crore.

The company touched its 52 week high Rs 29.50 and 52 week low Rs 11.55 on 05 Jun, 2009 and 23 Mar, 2009, respectively. Currently, it is trading -22.37% below its 52-week high and 98.27% above its 52-week low.