Manas Jaiswal of manasjaiswal.com is of the view that one can hold Indoco Remedies as the stock has potential to test Rs 335 in next three to four trading sessions.
Manas Jaiswal of manasjaiswal.com told CNBC-TV18, "Indoco Remedies is already making higher tops and higher bottoms. The stock has broken the resistance of Rs 300. If somebody has the stock in the portfolio then one can hold it and keep a stoploss below Rs 300. On the upside the stock has potential to test Rs 335 in next three to four trading sessions."
At 14:24 hrs Indoco Remedies was quoting at Rs 314.40, up Rs 24.55, or 8.47 percent. It has touched a 52-week high of Rs 321.20.
Disclosure: Analyst has no personal holdings in the stock but he recommended this stock to his clients.
Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year.