Deccan Chronicle can test Rs 170-172, says Hemant Thukral, Asian Markets Securities.
Thukral told CNBC-TV18, "Deccan Chronicle belongs to a sector which has seen buying in the last one week. The stock has seen lot of short covering on Friday itself and it has given a good breakout out above Rs 155. We feel that the stock is ready to go to Rs 170-172 in the immediate short-term."
He further added, "One has to keep a stoploss around the Rs 150-152 mark. The traders have to keep that but over the increase in Cost of Carry is also suggesting that the stock is looking quite strong in the immediate short-term."
