Hold Container Corporation, says Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Container Corporation of India is a hold. It has seen a good breakout at levels closer to Rs 1,250 and it is trading there. Quite possible it might see some kind of a slide also, some kind of reaction could come in, but those would be buying opportunities if you are looking at the long-term because Rs 1,200 seems to be a very strong support zone. Once it crosses Rs 1,500, who knows where it goes, maybe Rs 2,000. But in the long-term, it is certainly looking good to me."

At 15:08 hrs Container Corporation of India was quoting at Rs 1,328.60, down Rs 15.80, or 1.18 percent.

The share touched its 52-week high Rs 1,418.90 and 52-week low Rs 844.00 on 06 November, 2017 and 21 December, 2016, respectively.

Currently, it is trading 6.36 percent below its 52-week high and 57.42 percent above its 52-week low.