Prakash Gaba of prakashgaba.com told CNBC-TV18, "The stoploss on Granules India should be Rs 130. If it break Rs 130, take your money off the table. However, it looks like it can climb up to maybe Rs 155-160. That is a zone I would book out. It has been trading sideways for over two years."
Granules India ended at Rs 140.50, up Rs 0.60, or 0.43 percent on the NSE.
The share touched its 52-week high Rs 157.25 and 52-week low Rs 91.45 on 18 May, 2017 and 09 November, 2016, respectively.
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