Gujarat NRE Coke looks strong: N Pillai

Neppolian Pillai of Modern Shares & Stock Brokers is of the view that Gujarat NRE Coke is looking strong in the metal pack.

Pillai told CNBC-TV18, "Sometime back I had looked at Gujarat NRE Coke from the metal pack, that’s one of the stronger stocks there after Tata Steel. Looks good on downside and maybe around Rs 123 is the level where I would look at and yesterday it came up to around Rs 127. On the upside it has been falling off from the Rs 168 levels. The pullback will get close to around Rs 147 to Rs 150 levels. It is one of the stronger stocks within the sector."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.