Sandeep Wagle of powermywealth.com 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.