Stay invested in JSPL, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Jindal Steel & Power (JSPL) is on a long term up trend since it has tested the low around Rs 50 last year February, after that it has never looked back. Of course there has been intermediate term corrections, but otherwise the long term trend is now up right from Rs 50 to Rs 140, it is a steady rise."

"I would put a stoploss below Rs 110 on closing price basis and continue to hold on. If the horizon is about 12-18 months, the kind of chart pattern that I see, I look at prices of Rs 200 for a minimum, to about Rs 250 over a period of one to one and a half year," he said.