Aashish Tater of fortunewizard.com told CNBC-TV18, "Videocon Industries is range bound between Rs 160 on lower side and Rs 200 on upper side. Fundamentally we are positive on the stock and even on today’s news it is more up because of BPCL and Videocon holding that stake."
He further added, "We feel that Rs 200 would easily be tested again but I doubt whether that particular strong resistance that has been created between Rs 200-204 will be taken off in short span of time. The investors can book around Rs 200 levels."
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