Keep Rs 115 stoploss in RS Software: Nooresh Merani

Nooresh Merani of Asian Market Securities told CNBC-TV18, "In the last few months, RS Software has almost dropped 50-60 percent from the highs. So what we are looking at is this stock has already corrected a lot and given that it is oversold, one can take a risky bet and maybe take a chance with the stock and if it bounces back closer to Rs 140-160 and exit, So play with a stoploss of Rs 115."RS Software (India) ended at Rs 126.90, down Rs 1.60, or 1.25 percent.