According to the view of market analyst E Mathew, stock of chemical major GHCL is looking very positive at current market price. According to the analyst, investors can purchase GHCL with the stop loss of Rs 124 to achieve the short term target of Rs 154 and 160.

At 12:48pm, the stock was trading around Rs 143. The index of the stock touched a high of 147 recovering from the intraday low of 142.25. The stock is currently trading at a P/E of 11.92 at current price with Earnings per Share of Rs 12.04 per share.