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Hold Guj Sidhee Cem, target Rs 18-19: Mohindar
Gujarat Sidhee Cement has not broken Rs 13-13.50 area. And Rs 18-19 seems to be a very visible achievable target in short-term. Continue to hold the stock, says Rahul Mohindar of Viratechindia.
Gujarat Sidhee Cement has not broken Rs 13-13.50 area. And Rs 18-19 seems to be a very visible achievable target in short-term. Continue to hold the stock, says Rahul Mohindar of Viratechindia.
Mohindar told CNBC-TV18, "Gujarat Sidhee Cement is a clear case of a good break-out. We have seen the stock head past the Rs 15 levels. In fact Rs 13.50. If we look at the whole last year formation, there has been some very good base building. The stock has not broken that Rs 13-13.50 area and we have kind of moved up from those levels. Certainly there is much more to come within the stock and Rs 18-19 that seems to be a very visible achievable target in a short span of time. So it is going to be attracting a lot of traders. The volumes too which have come in very interesting. So given this entire picture, continue to hold a long or even get in with a short term focus on this stock."
