Hold KEI Industries for long term: Hemen Kapadia

Hemen Kapadia of KRChoksey Securities told CNBC-TV18, "The technical setup seems to suggest that KEI Industries has moved from Rs 5 to Rs 125. We have walked into a correction of a greater degree for the first time in four or five years, so this is going to take some time to unravel.""It might not go down one way but it is going to hatch eggs, do nothing move sideways, go up and go down. I don’t think it looks like making a new high in the near future or at least this calendar year. Long-term investor hold, there is no doubt that we are in a long-term uptrend but like I said for 6-9 months at least the stock doesn’t seem look like anything doing much.