Enter Balkrishna Industries around Rs 850-950: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "In the short term for Balkrishna Industries, take the money off the table, it does not hurt. However, if it is medium term or long term, then one can re-enter again at closer to around Rs 850-950 zones; that is a place where I feel there is a very strong support zone. If it comes there, re-enter."

The share touched its 52-week high Rs 1,285.63 and 52-week low Rs 626.65 on 18 December, 2017 and 07 March, 2017, respectively.

Currently, it is trading 19.42 percent below its 52-week high and 65.32 percent above its 52-week low.