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Stay with Vimta Labs, says Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that one may hold Vimta Labs.

July 14, 2017 / 16:14 IST

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Vimta Labs has given a buy somewhere closer to Rs 84 zones. It is still in the buy zone; not given a sell as yet. So, I will not sell it. Even if it sees a down move, there is a strong support zone somewhere near to Rs 130 zones. Even a dip until Rs 130 is acceptable to me."

"I would continue holding it. I would keep a stoploss below Rs 130," he added.

At 15:28 hrs Vimta Labs was quoting at Rs 150.10, down Rs 5.75, or 3.69 percent.

The share touched its 52-week high Rs 164.40 and 52-week low Rs 81.20 on 13 July, 2017 and 13 July, 2016, respectively.

first published: Jul 14, 2017 03:34 pm

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