Hold Jain Irrigation Systems: Akshata Deshmukh

Akshata Deshmukh of Trading Networth Stock Broking told CNBC-TV18, "Jain Irrigation Systems has seen a lot of volatility post the results especially, very sharp dip coming in, it has almost tested lows of Rs 87-88 but it is very much ripe for a bounce back and a good recovery from current levels."

"Going ahead any improvement in the operations of the company could lead to a re-rating of the stock and could take the stock into Rs 125-130 zone. So, waiting for a couple of quarters to say the least will definitely help, there is not much pain left on the downside, so recommend holding," she said.