Hold Lloyd Electric, says Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "Lloyd Electric have got two large businesses industrial as well as their consumer divisions. So, if there is unlocking, there will be unlocking of value when and if it happens in the future date. Also the numbers for the quarters are expected to be reasonably decent for the last quarter. They have shown a good growth on both the segments. Another thing is that it is at very important support levels it has crossed the Rs 260 which is an important level. I think you should watch it. If there is weakness from here then one should probably get out." "For the medium to longer term, I think over the next two months in the consumer division there could be some slowdown in terms of demand pick up. Also in the industrial segment, depending on the overall economy there could be some slowdown in pick up. I would say that one can hold it as of now, look to sell in any bounce something like a Rs 280 would be a target I would be looking at," she said.