Buy Hindustan Zinc, says Amit Harchekar

Amit Harchekar of aplusanalytics recommends buying Hindustan Zinc as the stock may test Rs 200-205.

Amit Harchekar of aplusanalytics told CNBC-TV18, "We have a buy call on Hindustan Zinc  because the stock has already given a very strong breakout from a flag formation and that projects an upside target somewhere around Rs 200-205. So, this flag would be negated only incase if the stock closes below Rs 162. So, we are expecting these breakouts to sustain and stock to test levels of Rs 200 in coming days."

At 14:12 hrs Hindustan Zinc was quoting at Rs 175.40, up Rs 4.65, or 2.72 percent. It has touched an intraday high of Rs 178.90 and an intraday low of Rs 171.05.

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