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Exit Jain Irrigation near to Rs 100: Sandeep Wagle

Sandeep Wagle of advises exiting Jain Irrigation near to Rs 100.

August 16, 2017 / 03:28 PM IST

Sandeep Wagle of told CNBC-TV18, "The pattern in Jain Irrigation Systems does not excite me. I am not saying it is weak, but I expect it to move in the Rs 90 to Rs 100 band. When a stock is in a range, you can’t say how long it will continue to remain that. So, I would recommend an exit."

"It will be a loss of an opportunity if just waits. The range is Rs 90 to Rs 100, so nearer Rs 100 I would exit," he added.

At 15:10 hrs Jain Irrigation Systems was quoting at Rs 93.65, down Rs 1.45, or 1.52 percent on the BSE.

first published: Aug 16, 2017 03:17 pm