Parag Doctor, Head - Trading Strategies of Keynote Capital's told CNBC-TV18, "Petronet LNG has been in a slow down trend and it has not done anything much over the last year. We have a hold on the stock with a stop loss of Rs 115."
"Any rallies in the stock - probably a rally could come into the Rs 125-130 levels which is the upside for the time being. So, one advice would be to sell at least half of the quantity and probably switch to Reliance Industries where the visibility for the upside is much more," he added. Also Read: Buy Petronet LNG; target of Rs 185: PLilladher
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!