Mohindar Rahul Mohindar of Viratechindia is of the view that one can buy Gujarat NRE Coke at Rs 140-145.
Mohindar told CNBC-TV18, "Gujarat NRE Coke is likely to be an outperformer on a medium to long-term basis with a minimum time horizon of about six-months. I would look at a price target of Rs 200+ on this. One could clearly buy the stock in the Rs 140-145 zone. Strong long-term support and stoploss is seen at about Rs 126 and clearly if one were a shorter-term trader as well, one would see an outperformance even on the short-term. So one could look at the stock from all the different timeframes. One is fairly bullish on this counter.”
Mohindar told CNBC-TV18, "Gujarat NRE Coke is likely to be an outperformer on a medium to long-term basis with a minimum time horizon of about six-months. I would look at a price target of Rs 200+ on this. One could clearly buy the stock in the Rs 140-145 zone. Strong long-term support and stoploss is seen at about Rs 126 and clearly if one were a shorter-term trader as well, one would see an outperformance even on the short-term. So one could look at the stock from all the different timeframes. One is fairly bullish on this counter.”
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