Buy Phillips Carbon Black, target Rs 180-200: Jai Bala

Jai Bala of Cashthechaos.com told CNBC-TV18, "There is a stock called Phillips Carbon Black. It is looking quite interesting in a price action perspective. The stock is very likely to hold above Rs 90 and that is going to be important support. From its current level of about Rs 100, it is expected to scale to something like Rs 180. This is an interesting stock. We can start nibbling in at the current level. I am looking at something like Rs 180-200 on the stock."Phillips Carbon Black closed at Rs 107.00, down Rs 0.20, or 0.19 percent. It has touched an intraday high of Rs 109.00 and an intraday low of Rs 105.20.