Stay invested in Gati: Hemen Kapadia

Hemen Kapadia of KRChoksey Securities told CNBC-TV18, "Seven weeks sideways movement in Gati and now we are in the throes of an recovery, still not a rally but yes a recovery. We need a closing above Rs 120-125 and then we see some sort of an upside coming in. It is deeply oversold on the shorter-term charts, turning on the medium-term charts, long-term it is still looking shaky, so as of now I think it is a hold.""We are on the verge of breaking out upwards from this 8 weeks sideways movement. Short to medium-term positives can be expected, so it is a hold," he added.