Stock analyst E Mathew has suggested that BOC India should be purchased on declines to achieve a short term target of Rs 198. The stock has seen a decent rise in recent trading sessions.

In today’s trading session, the stock has gained 4.5% at Rs 158.95 up till now. But interested investors should wait for sometime.

If the stock follows the uptrend for the whole day, leave it and forward your decision to next trading session. If the stock falls, buy it as much as you can. It will definitely provide provide you good returns.

Mr. Mathew told that the stock will surely touch Rs 197. Traders should use Rs 143 as a stop loss. The stock can be bought in the range of Rs 148-150.

BOC India was established in 1935 in Kolkata. Through seven decades of operations, it has set up itself as provider of complete solutions in gases business to the Indian industry. With over 20 production plants, comprising one of Asia's biggest air separation units; 40 warehouses and depots; 100 dealers; more than 100 dedicated tankers in the distribution fleet; - BOCI offers an wide geographic reach, thus bringing it closer to its customers in any part of the country. Headquartered in Kolkata, BOC India Limited employs 654 people and serves more than a lac customers.