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May 08, 2012, 03.41 PM IST
Amit Harchekar of IIFL is of the view that GAIL India may surge to Rs 350.
Amit Harchekar of IIFL is of the view that GAIL India may surge to Rs 350.
Harchekar told CNBC-TV18, “I won’t say GAIL India has bottomed out but there has been a good bullish reversal seen in GAIL at current levels. The upside projection for that breakout is indicating a target of Rs 450. So I believe one can initiate long positions at current levels, stop loss would be at Rs 315 and we should be seeing smart rally towards Rs 350.”
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