Jay Shree Tea will come down to about 140: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks about Jay Shree Tea.

What is your call on Jay Shree Tea?

In tea stocks, this Rs five to seven increase in tea prices can probably help the stock for one day but not too much rising. Jay Shree Tea will come down to about 140. The key takeaway today has been that you have got that 1% type bounce, most stocks bounce 1%-1.5% but most of them have closed even lower than yesterday.