Hold HMT, says Kunal Bothra

Bothra told CNBC-TV18, "I don’t track HMT as such but as a chartist I think this stock signals that it’s crossing 200 DMA. Last 3-4 weeks it’s done this 4 times but it’s failed to significantly achieve a significant crossover."

He further added, "I think Rs 50 should be a crucial level. If it breaks that I think one should hold on to the positions. But at this point it should hold, 200 DMA should be a stop loss which is at Rs 44 levels."

The share touched its 52-week high Rs 68.50 and 52-week low Rs 26.85 on 15 Apr, 2011 and 20 Dec, 2011, respectively. Currently, it is trading -31.31% below its 52-week high and 75.23% above its 52-week low. Market capitalisation stands at Rs 3,577.45 crore.