Hold AXISCADES Engineering Technologies: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "In the recent past, AXISCADES Engineering Technologies fell to Rs 111 and once close to about Rs 120. But it never closed on a weekly basis below the level of Rs 130. So I would suggest that one should actually put a stop loss below Rs 130 on closing price basis and continue to hold on simply because this has been on a downtrend for many months."

"You have seen Jaiprakash Associates rise from Rs 6 to the current level and there is some recovery. That is why I suggest a hold with a stop loss below Rs 130 on closing price basis and that should be a weekly close," he said.