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Remain invested in Sumeet Industries: Rajat Bose

Rajat Bose of is of the view that one may remain invested in Sumeet Industries.

December 12, 2017 / 02:50 PM IST

Rajat Bose of told CNBC-TV18, "Sumeet Industries is now in a consolidation mode and actually this consolidation is going on for the last one year or so. In fact little more than one year, last year on November 1st it hit a high of Rs 44 and after that it also fell to Rs 25.60 on August 11th this year and this the range bound stock if you look at the 200-day average you will see a flat, absolutely flat kind of a curve. It is not a curve, it is straight line that way."

"One should continue to hold it. Probably, the consolidation will be over and the first signal of such a consolidation being over would come when the stock crosses Rs 35 or takes out Rs 35 in a decisive manner," he added.
first published: Dec 12, 2017 02:50 pm
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