Jain Irrigation Systems may test Rs 135: Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "Jain Irrigation Systems is a stock which was broadly underperforming and it has just joined the rally. Overall, on the business that Jain Irrigation is that things are looking up which is why the stock started doing better with micro irrigation orders, etc. getting more prominence. So better things are expected which is why the stock began to rally. If you want that bit to play out then you have to stay invested in the stock for 9-12 months. I do like this stock, I have a target closer to Rs 135 on it."

At 14:53 hrs Jain Irrigation Systems was quoting at Rs 105.25, down Rs 0.95, or 0.89 percent on the BSE.