Jagannadham Thununguntla, Strategist & Head of Research of SMC Global Securities told CNBC-TV18, "I think some bounce is definitely coming in Videocon Industries. In a couple of days one can expect Rs 230-240 levels on the stock."
"So, much is happening around Videocon Industries be it oil block sell or be it on banking licence application. It makes sense to hold on and take advantage of the rally that happens around that rumours time," he added. Also Read: Videocon goes for bank license, to keep Brazil assets
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