Stay invested in HPCL, says Nooresh Merani

Nooresh Merani of Asian Market Securities told CNBC-TV18, "Technically Hindustan Petroleum Corporation (HPCL) has been in a long-term uptrend ever since for the last couple of years. What else do we see is in such a stock what one needs to do is keep a trailing stoploss, as the stocks keep going higher you shift your stop losses. As of now the stoploss would be at Rs 725 and if the stocks moves up to Rs 800 may be shift it towards Rs 750-760 levels and keep on reviewing the stocks. So, overall the trend is positive I would suggest to hold on with a trailing stoploss rather than keeping a target in place."At 15:05 hrs Hindustan Petroleum Corporation was quoting at Rs 771.05, up Rs 21.00, or 2.80 percent.