Gujral told CNBC-TV18, "We can buy RCF with a stoploss of Rs 99. These stocks have moved sideways, basically haven't really corrected much. So if the market seems like doing a bit of an upward reaction then they should outperform, so we get a target of about Rs 118 in the short-term."
Yesterday the share closed up 3.14% or Rs 3.25 at Rs 106.60 with volumes of 4,907,095. Currently it is 234.69% above the 52-week low of Rs 31.85.
