Sep 18, 2013, 04.17 PM | Source: CNBC-TV18
One may hold, says Ashu Madan of Religare Securities.
Ashu Madan (more)
COO, Religare Capital | Capital Expertise: Equity - Technical ,Equity - Fundamental
He further added, “This is a buy also at Rs 72, which is not very far from the current price but it has given a very sideways movement with the big volume. So I feel that probably something is coming up and maybe if it is able to cross Rs 72, we could see some sharp rise in this stock. So one should wait and hold on to this stock with a strict stop loss of Rs 65-64 levels if it convincingly breaks down below that.”
Disclosure: Stock discussed may have been recommended to clients.