Hold Zydus Wellness, says Ashu Madan

Ashu Madan of Religare Securities told CNBC-TV18, "Zydus Wellness a slow mover, not going anywhere, though the company is eyeing double digit growth, it won't be that easy but they are on a right track. So if somebody like this stock and has the horizon for longer-term, which should be more than one to one and a half years to two years then certainly one can hold this stock.""I am not in a position where I should say that the company is doing anything wrong or probably one should sell, it is just a slow mover. Obviously when the market moves and when you don’t want to be in a stock which is a slow mover and it frustrates you, when you see peers moving up. So that can be a different comparison altogether but if you isolate this stock, I would certainly say that hold it for some more time, we might see some spike in the stock," he added.