Exit Lanco Industries, says Kunal Bothra

Kunal Bothra, Head of Advisory at LKP told CNBC-TV18, "In Lanco Industries over the one and a half to two years the investors stand to gain a good chance of getting a real potential on the upside because looking at the pattern for the next six months, there could be a chance that we may see a correction happening. So the ideal strategy for the investor is to try and book out over here, wait for an entry point which is below Rs 60, there could be a chance that in the next couple of months, there could be a correction happening because it has been a straight one way performance for Lanco Industries and you have not seen a correction or consolidation happening over the last one year."

"So I think the probability is much more higher after correction. Again the ideal strategy is to book the profits over here, wait for correction where you could re-enter and then extend your time horizon to one year or more," he added.