Ashwani Gujral of ashwanigujral.com feels that Sterling Tools may slip to Rs 340-350.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Sterling Tools broke out from Rs 260, ran up to Rs 470. See, my advice is whatever the reason, keep a 10 percent stop loss because if you start losing 50 percent, then you do not know what to do. So you want to buy these graphites, other stocks which have run up, buy them, but assume if you lose 10 percent you will be out because it is impossible to advice in this sort of a stock.""I think it can correct even further. So, be ready for maybe Rs 340-350. That is always possible in a midcap market that is coming off, so keep that in mind," he added.