Thursday, April 19, 2012

Ambuja Cements can go to Rs 175-180


Sukhani told CNBC-TV18, "In Ambuja Cements technical suggest that we are seeing a rally that can go to Rs 175-180. Now a lot will depend on what the results are and how you people analyze it. So that’s not my task. Assuming that everything goes well I expect Ambuja to eventually touch Rs 195. There is no way I can say it will do that on Monday or today or not at all. But that’s the expectation."

He further added, "If the investor needs money then he/she should get out of BHEL because it is not going to do anything spectacular in the next few months. But if investor is willing to hold on till July he/she will get better prices than Rs 260 which is where BHEL is now."

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