Don't stay invested in Hindustan Organics

Published on Wed, Sep 20, 2006 at 15:37 |  Source : Moneycontrol.com

Updated at Wed, Sep 20, 2006 at 16:04  

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Amarjeet Singh, Senior VP of Mangal Keshav Securities is of the view that one should not remain invested in Hindustan Organic Chemicals .

Singh told CNBC-TV18, "The fundamentals of Hindustan Organic Chemicals are definitely being reflected on the charts. This is a kind of stock wherein one should not remain invested because it is going to meet with selling pressure at every rise in case there is a rise. So there is a resistance at Rs 30 level, Rs 33 level and Rs 35 level."

Disclosure: Analyst doesn' t hold the above stock.

  

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