Buy Gujarat Fluorochemicals: Madan

Buy Gujarat Fluorochemicals, says Ashu Madan of Religare.

Madan told CNBC-TV18, "If you look at charts of Gujarat Fluorochemicals it has given almost all time high close. If you  look at the charts of the last two years; weekly charts, daily charts it has shown lot of strength and closed at almost  highest on all these parameters. So I would recommend Gujarat Fluorochemicals to buy at Rs 240 current market  price with a price target of Rs 265."

He further added, "I feel if the market remains stable or there is some momentum in the market Gujarat  Fluorochemicals will outperform the market the way it has shown strength in the past trading days or weeks or months."