HomeNewsBusinessStocksGo long in Sun Pharmaceutical Industries: Prakash Gaba

Go long in Sun Pharmaceutical Industries: Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that one can continue to go long in Sun Pharmaceutical Industries and feels that the stock may test Rs 751-752.

November 27, 2015 / 11:24 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Sun Pharmaceutical Industries certainly looked good to me but yesterday it was looking more like a short covering upmove. If it continues then perhaps we can see an upmove until Rs 751-752. How it negotiates Rs 750-755 levels is important. So far it looks like more of a short covering upmove. I would continue to go long, but would be slightly cautious because of the headwinds."At 11:03 hrs Sun Pharmaceutical Industries was quoting at Rs 733.10, down Rs 2.85, or 0.39 percent. It has touched an intraday high of Rs 743.00 and an intraday low of Rs 731.50.

first published: Nov 27, 2015 11:24 am

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!