May 16, 2013, 05.10 PM IST
Jagannadham Thununguntla, Strategist & Head of Research at SMC Global Securities Limited is of the view that one can hold Nectar Lifesciences. It can test Rs 24-25.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited told CNBC-TV18, "One can hold Nectar Lifesciences . I think maybe eventual target of Rs 24-25 maybe is possible on the stock. But maintain the stop loss because this is that kind of stock when it starts falling, the fall can be quite steep, maybe at Rs 16 maybe keep a stop loss with a target of Rs 24."
Nectar Lifesciences closed at Rs 20.07, up Rs 2.82, or 16.35 percent. It has touched an intraday high of Rs 20.70 and an intraday low of Rs 17.85.
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