HEG can test Rs 430: Gujral

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HEG can test Rs 430: Gujral

Technical Analyst, Ashwani Gujral is of the view that HEG can test Rs 430.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about HEG See messages about HEG HEG BSE | NSE 30/05/12 Are Mutual Funds betting on HEG?

Technical Analyst, Ashwani Gujral is of the view that HEG can test Rs 430.

Gujral told CNBC-TV18, "Havells India's news is out and it has a parabolic run so that would qualify for some profit booking. People need to be out, this move us probably over."

He further added. "HEG next levels out could be closer to Rs 430 so this still seems to be in some sort of an uptrend. But given the way the market is shaping up people would be well advised to book some profits here as well."