Can buy MOIL: Ashwani Gujral, Market Strategist

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about MOIL.

What is your take on MOIL?

If metals are going up, MOIL - which makes an intermediary product and which goes into production of steel - should also go up. It has had its 4-5 days of selling where the short-term guys are out now. So we can buy this with a stop of about 435 and a target of 480 is possible.