Moneycontrol PRO
HomeNewsBusinessStocksExit Welspun Corp, says Prakash Gaba

Exit Welspun Corp, says Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that one may exit Welspun Corp.

May 08, 2017 / 16:55 IST

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Rs 100 is a psychological resistance for Welspun Corp. I would take my money off the table here if I do not want to hold. If one is a long-term investor then he/she could continue holding it but I would take my money off the table."

Welspun Corp ended at Rs 87.55, up Rs 6.05, or 7.42 percent on the BSE.

The share touched its 52-week high Rs 107.60 and 52-week low Rs 56 on 12 May, 2016 and 09 November, 2016, respectively.

first published: May 8, 2017 04:17 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347