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Book profit in Sujana Towers: Gujral
Sujana Towers has broken out with very heavy volume. This could move higher in another couple of days but if you happen to get in lower at Rs 35-40, you would be well advice to book profits, says Ashwani Gujral, Technical Analyst.
Sujana Towers has broken out with very heavy volume. This could move higher in another couple of days but if you happen to get in lower at Rs 35-40, you would be well advice to book profits, says Ashwani Gujral, Technical Analyst.
Gujral told CNBC-TV18, "Sujana Towers is a different story. It got listed, it went down to Rs 7 and now is gone up to Rs 70-74, moved sideways and now has broken out with very heavy volume. This could move higher in another couple of days but if you happen to get in lower at Rs 35-40, you would be well advice to book profits even on this kind of a stock. So a lot of these two digits, one digit stocks are now moving up. So it's always good to be cautious in them."
Sujana Towers has touched a 52-week high of Rs 90.45 in today's trade. The stock touched an intraday high of Rs 90.45 and an intraday low of Rs 81.75. At 12:34 hrs the share was quoting at Rs 89.15, up Rs 7.40, or 9.05%. It was trading with volumes of 5,242,209 shares. Yesterday the share closed up 10.03% or Rs 7.45 at Rs 81.75.
