Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "In Bombay Burmah, people are not so sure if it is a holding company, trading company, etc. That keeps moving up. So I would think this is still a pretty good stock, probably keep a stoploss closer to Rs 1,350 thereabouts. And once the rally restarts, we should get back towards Rs 1,700-1,750."
On Friday, Bombay Burmah Trading Corporation ended at Rs 1,458.65, down Rs 37.95, or 2.54 percent.
The share touched its 52-week high Rs 1,735.35 and 52-week low Rs 452.80 on 18 October, 2017 and 22 November, 2016, respectively.
Currently, it is trading 15.94 percent below its 52-week high and 222.14 percent above its 52-week low.
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