Technical Analyst, Ashwani Gujral is of the view that India Cement is likely to go upto Rs 125-130.
Gujral told CNBC-TV18, "The good thing about under performers is that they have already had the bad news behind them and now if they move up, they will out perform in the market even if the market goes down, cement will not go down a whole lot. So from a trading kind of target one could look at levels of Rs 125-130 for India Cement. Even if there is a mild bit of good news these stocks are so under owned and probably even have short positions, its likely to go up to Rs 125-130. Out there one could book partial profits and hold on the rest with Rs 100-105 stoploss."
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