Buy GSFC on declines, says Kunal Bothra

According to Kunal Bothra, Head of Advisory at LKP, one may buy Gujarat State Fertilizers & Chemicals on declines.

Kunal Bothra, Head of Advisory at LKP told CNBC-TV18, "The sudden spurt in  Gujarat State Fertilizers & Chemicals (GSFC) over the last three-four trading sessions - from Rs 70-75 it has jumped to more than Rs 100 - calls or warrants for some sort of a correction or consolidation."

"At levels of Rs 115-120 is where the investors could probably look at the first tranche of profit booking and if it comes back to Rs 100, that is where you can probably look to buy back again. At this point of time the ideal strategy should be to have a trailing stoploss of Rs 92 on GSFC," he added.

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