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May 08, 2012, 04.40 PM IST
Rajendra Patel of Highsight Capital advises to sell United Spirits.
Patel told CNBC-Awaaz, "One should sell United Spirits at Rs 700-710 with a stoploss of Rs 751. The stock can go down to 630 in next 30-45 days. If stock slips to Rs 630 then we can see level of Rs 575 at downside." The company touched its 52-week high Rs 1,123.40 and 52-week low Rs 450.00 on 08 Jul, 2011 and 12 Jan, 2012, respectively. Currently, it is trading -35.82% below its 52-week high and 60.22% above its 52-week low.
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