Hold UPL, may test Rs 560-565: Rakesh Bansal

Rakesh Bansal of R K Global told CNBC-TV18, "The technical structure of UPL is bullish. The only thing is that the stock is going through a correction. I would suggest holding the stock and if on the downside the investor gets the price of Rs 385-400 - that is an excellent averaging price on the downside, Rs 380-400 is an excellent support zone. One should hold but if one can increase the time horizon for next six to eight months then price of Rs 560-565 can be seen on the upside."UPL ended at Rs 435, down Rs 18.35, or 4.05 percent on the BSE.