Divis Laboratories may touch Rs 1550: Kunal Bothra

Kunal Bothra, Head of Advisory at LKP is of the view that Divis Laboratories may touch Rs 1550.

Kunal Bothra, Head of Advisory at LKP told CNBC-TV18, " Divis Laboratories is trading very close to its longer term support of Rs 1,425. I would take that as a support level. Keeping the long term view intact, my sense is that this could be a good entry point for Divis Laboratories. Keep a trailing stoploss or a stoploss of Rs 1,425, till that time Divis Laboratories could give you an upside target of Rs 1,550 plus."

At 11:51 hrs Divis Laboratories was quoting at Rs 1,488, down Rs 24.25, or 1.60 percent. It has touched an intraday high of Rs 1,500 and an intraday low of Rs 1,449.

Disclosure: Analyst has no personal holdings in the stock but it is possible that he may have recommended the same to his clients at LKP.

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