Hold Jaiprakash Power, says Akshata Deshmukh

Akshata Deshmukh, Chief Strategist-Trading at Networth Stock Broking told CNBC-TV18, "I would advise investor to hold Jaiprakash Power for the time being although the stock is not very strong, it is making a lower top lower bottom formation for the last five weeks in a row. So in a bullish scenario when the stock is not performing you wouldn’t expect the stock to do well in next three-four months either.”

“One can move on to better sectors like cement pack which seems to be quite promising for the next six-seven months perspective. So I guess midcap cement stocks like JK Lakshmi Cement or a Prism Cement could do much better," she said.