Prakash Gaba of prakashgaba.com told CNBC-TV18, "Granules India is into a consolidation mode. There is a very strong support in the region of Rs 100-110 zones."
He further added, "It is into buy mode. Once it crosses Rs 150-155 zones, it goes to much higher zones, maybe around Rs 200 zones. So when you are looking medium-term to long-term, it is a clear cut hold."
At 14:50 hrs Granules India was quoting at Rs 131.35, up Rs 6.95, or 5.59 percent on the BSE.
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