Hold Aptech, says Anu Jain

One can hold Aptech with a stoploss of closer to about Rs 229-230, says Anu Jain, Vice President - IIFL Private Wealth Management at India Infoline.

Jain told CNBC-TV18, "The trend is been extremely strong once Aptech crossed Rs 208, yesterday also but the high and the low of the day was quite stupendous, there was a 5-6% gap between the high and the low, so that is the concerning part about it. If I am holding the stock will continue to hold it and with a stoploss of closer to about Rs 229-230. The trend is extremely strong and another stock which hasn’t given anybody a chance to buy because it’s moved up very sharply. So on anything if it dips closer to Rs 235-236, I think it makes a fair price though that way below what it traded yesterday. I would say it’s a good stock in the education sector; I am not concerned about the valuation because the chart patterns are showing tremendous potential to go up to at least, if it crosses Rs 262 where it got resistance yesterday to up to Rs 280 in the short-term. So I would say a buy on dip kind of a policy works here.