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Buy Hindustan Oil Exploration Company (HOEC), says Salil Sharma, Technical Analyst, Kapur Sharma & Co.
Sharma told CNBC-TV18, "We like Hind Oil Exploration Company, it was in the news till a month back and then we have seen a good correction from the highs of Rs 400 down to around Rs 270-280. Again fresh move seems to have started there, so I would suggest buying into HOEC with a stoploss of Rs 295 and maybe a target on a month’s time back to close to Rs 400.”
Disclosure: I do not have a personal holding in any of the above stock/sector today but may have recommended them to clients.
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