Remain invested in Sun Pharma: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Sun Pharmaceutical Industries after posting a lot of around Rs 498 in May, after that the stock has already advanced by 18 odd percent. And it can still move up but, you will see real turnaround in its fortunes from a technical point of view when it crosses the 200-day exponential moving average which is currently located near Rs 650. So there is still some way to go. But, a possible bottom might have been made in Sun Pharmaceuticals at the end of May. So I would suggest a hold."

At 15:04 hrs Sun Pharmaceutical Industries was quoting at Rs 578.10, up Rs 6.80, or 1.19 percent on the BSE.

The share touched its 52-week high Rs 854.50 and 52-week low Rs 493 on 05 August, 2016 and 29 May, 2017, respectively.