Indo Borax and Chemicals can go upto Rs 43

Gujral told CNBC-TV18, “Investors should hold Indo Borax and Chemicals only above Rs 34.50 and in case this counter can go above Rs 43, one could be looking at levels of about Rs 56. If the market remains buoyant, retail continues to comeback in. It’s not unlikely for these small counters to make large moves and get up to Rs 56. If the market turns down smallcaps get the biggest beating.”

He further added, “The stock still has more upmove left and if the market turns up one could hold with a trailing stoploss. Even if the market starts coming down or break key supports that we been talking about 3,780-3,800 and if that gets taken out maybe then one can book some profit and again probably buy at lower levels. But till such an event happens, one can continue to hold on.”