According to Kunal Bothra, Head of Advisory at LKP, one may keep a stoploss at Rs 110 in Punjab Chemicals & Crop Protection.
Kunal Bothra, Head of Advisory at LKP told CNBC-TV18, "Looking at the chart of Punjab Chemicals & Crop Protection currently it is just about taking support around that 50 day moving average. Looking at the chart I would say keep a stoploss of close to Rs 110 on it, because that seems to be forming a short term support but if it breaks that then you should look to exit the stock."
At 12:23 hrs Punjab Chemicals & Crop Protection was quoting at Rs 118.70, down Rs 0.00, or 0.00 percent.
The share touched its 52-week high Rs 142.85 and 52-week low Rs 42 on 12 September, 2014 and 31 October, 2013, respectively.