Anil Manghnani of Modern Shares & Stock Brokers is of the view that one can buy Hindustan Organic Chemicals , HOCL at Rs 37.
Manghnani told CNBC-TV18, "HOCL looks quite strong. If you see the major level yesterday it barely traded at new high today where Rs 44 was the major level for the stock. I doubt it will come back to around Rs 37 but if it does then I think that will be an opportunity to buy. Once it crosses Rs 44 again, I think it should head back to around Rs 58 levels, which was the high from where it fell in 2005 or so. I think that level still very much on the card, so buy every fall in the stock."
