GHCL can test Rs 53.50: Anu Jain

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GHCL can test Rs 53.50: Anu Jain

GHCL can test Rs 53.50, says Anu Jain, Vice President-IIFL Private Wealth Management at India Infoline.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Anu Jain See what other Experts & Brokerages are saying about Guj Heavy Chem See messages about Guj Heavy Chem Guj Heavy Chem BSE | NSE 30/05/12 Are Mutual Funds betting on Guj Heavy Chem?

GHCL can test Rs 53.50, says Anu Jain , Vice President-IIFL Private Wealth Management at India Infoline.

Jain told CNBC-TV18, "GHCL is probably a shorter duration call. Basically I would keep a stop loss at Rs 51 which is just about a percent to a percent and a half from the levels that it closed yesterday."

She further added, "It is looking good for Rs 53.50 which is the modest target of roughly about 3-3.5%. Looking good because my basis of picking up stocks for yesterday was whichever could show resilience in a fighting - when the market was going down - obviously got some strength far greater than the market, same kind of strategy for this and I think it would probably give you Rs 53.50. My only trouble is that they open at that target prices then obviously there is no trade left in it."