Bullish on Gujarat Fluorochemicals: Ashwani Gujral

In a chat with ET Now, Ashwani Gujarl gives his call on Gujarat Fluorochemicals


What do you think about Gujarat Gas, Gujarat Fluorochemicals?

Gujarat Fluorochemicals is a fairly strong stock and just keeps correcting and keeps moving higher. Levels of Rs 580-600 are easily possible on Gujarat Fluoro. We have seen that gas stocks are doing much better than the market. Gujarat Gas is not big outperformer but recently has broken out and as long as it stays above Rs 425 we are looking for another Rs 125 bucks on the upside, so targets of Rs 550 are possible. Gas is a theme like consumption is and all of these stocks tend to hold on when the market falls and whenever it moves up they tend to do very well.