Zuari Agro Chemicals may test Rs 422-428: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Zuari Agro Chemicals is in a medium-term uptrend and it is still continuing on the upside. I would suggest a stoploss which is the 13-day moving average. Unless it closes below that there is no reason as to why one should exit the stock because there is still a possibility that the stock might move up higher."

He further added, "The stoploss level in this case is Rs 380. So one would be locking in about 60 points for profit and can carry on. My feeling is that in the short-term it will hit Rs 422 to about Rs 428. If one wants to book it out there then he/she can, otherwise if one is a long-term investor then he/she should carry on."