Orchid Chemicals is down by 5% but it does not matter much: C K Narayan

C K Narayan, Growth Avenues Asset Advisors, in an interview with ET Now talks about Orchid Chemical.

What is the call on Orchid Chemicals?

The current price in Orchid Chemicals is 194. Anything ranging from here till about 196 would actually present a selling opportunity. Keep a stop loss about 200, look for a target of about Rs 185.

Orchid is already down 5% but that does not matter much because this is a stock which would not move fairly large when it wants to. So that 4-5% thing should not scare you.