Hold Jain Irrigation Systems: Pankaj Jain

Pankaj Jain of Sunteck Wealthmax Capital told CNBC-TV18, "Jain Irrigation Systems after having moved from Rs 53-54 levels to plus Rs 70 levels, investors got stuck at higher levels. But I expect a decent set of numbers tomorrow and not to forget that last time when management spoke, they said that next two quarters we should significantly improve and I think the only challenge with this company is movement of rupee dollar. If we see a substantial increase in value of dollar that affects the company pretty negatively but that is not happening immediately.”

“As of now I would hold on to the stock and expect a positive momentum in this stock post results,” he added.