Close at Event........:142
Target Price Range....:192
Opportunity Type......:Long-Term Bullish ..
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Note : although utmost care has been taken in preparing the above alert, recommandation may not be suitable for all investors. Investors must make their own investment decisions using their independent advisors.
The stock has gone through a steady phase for the past 4 weeks. From 160`s it has stedyed up but the post budget fall has pulled this stock further down.. Its a good buy at these levels.. In the current free flow market at current level you can always put 25% of your investment. Wait for some more days & watch out for nifty support levels of 3700 to 3900 where it may further slide to 110 levels..
115 was great level to buy. I personally started buying from below 130. Booked profit at 145-150, as I didn`t like the quarter results.
The company wants its private placement to be successful and it should be done at a decent price (I think minimum price is kept at 150). That will improve the debt position, currently the interest burden is too much.
| NIFTY 
