Sona Koyo rangebound between Rs 17-21: Gujral

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Sona Koyo rangebound between Rs 17-21: Gujral

Sona Koyo Steering Systems is not much of a mover, it is a rangebound stock between Rs 17 and Rs 21, if it can cross Rs 21, maybe can go to Rs 24, says Technical Analyst, Ashwani Gujral.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Sona Koyo Stee See messages about Sona Koyo Stee Sona Koyo Stee BSE | NSE 01/06/12 Are Mutual Funds betting on Sona Koyo Stee?

Sona Koyo Steering Systems is not much of a mover, it is a rangebound stock between Rs 17 and Rs 21, if it can cross Rs 21, maybe can go to Rs 24, says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "Sona Koyo Steering Systems is not much of a mover, it is a rangebound stock between Rs 17 and Rs 21, if it can cross Rs 21, maybe can go to Rs 24."

Sona Koyo Steering Systems touched an intraday high of Rs 21.20 and an intraday low of Rs 19. At 14:48 hrs the share was quoting at Rs 20.50, up Rs 1.35, or 7.05%. It was trading with volumes of 560,332 shares. Yesterday the share closed down 0.00% or Rs 0.00 at Rs 19.15.