Hold Cipla, says Rakesh Bansal

Rakesh Bansal of rakeshbansal.com is of the view that one should hold Cipla.

Bansal told CNBC-Awaaz, "One should hold Cipla with a stoploss of Rs 319. The stock is showing positive indication on chart. We can see level of Rs 342-343 in coming days. One can book profit at that level."
The company touched its 52-week high Rs 359.00 and 52-week low Rs 273.60 on 07 Feb, 2012 and 06 Sep, 2011, respectively. Currently, it is trading -8.86% below its 52-week high and 19.59% above its 52-week low.