Prakash Diwan, Asit C Mehta Investment advice traders to buy Hindalco around Rs 120.
Diwan told CNBC-TV18, "Very clear reaction to the softening of commodities last week that we had seen globally and ofcourse the firming up of the US dollar, but once that reaction is factored in, once we are at par with the changes that we have seen on the LME things should kind of stabilize at some level. Hindalco possibly at about Rs 120 levels again becomes a very good buy. So, you just need to wait for those levels to be touched and then things would start consolidating particularly for the non-ferrous side."
Subscribe to:
Post Comments (Atom)
-
Lupin’s Q2FY17 revenues were in-line with our estimates. Revenues grew by 32% YoY to INR 42.1 bn (as compared to our estimate of INR 41.9 b...
-
Volume grew by 4.2% QoQ, best in last 12 quarters. The company expects strong volume momentum to continue despite the mixed view on clie...
-
Sukhani told CNBC-TV18, “I would still buy Ranbaxy Labs. It was in my buy list in the morning and this tells viewers that we go wrong all th...
No comments:
Post a Comment