This stock hit all-time high today, soars over 13% – check what analyst has to say

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While speaking to market guru and Zee Business Managing Editor Anil Singhvi during a special segment of a show Special Picks, market analyst Kiran Jadhav is seen bullish in the chemical sector stock Gujarat Fluorochemicals.

Jadhav says, the price pattern of Gujarat Fluorochemicals is quite good, and we could see a pattern of Inverted Head and Shoulders along with triangular pattern breakout in the stock.

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The stock rallied today to hit new all-time and 52-week high at Rs 714 apiece intraday. At close, Gujarat Fluorochemicals ended over 13 per cent higher at Rs 701 per equity.

With a stop loss of around Rs 625 per equity, the analyst has raised its target to Rs 850 apiece within a month.

Till afternoon at around 2:00 pm, the stock was trading below Rs 650 levels, however, during the last hour of trade it soared to breach Rs 700 mark per share.

Today’s low of the stock was only when it opened, after that it was constantly seeing surging to hit new lifetime high.