This is the only FMCG stock which has not performed and have been waiting since quite some time to see a nice volume tick with price movement.
Today we got one which indicates that every dip till 106 can be bought with a small stoploss.
Target Price 114/122. As its FMCG so low beta stock so one can keep small stoplosses and big targets.
Disclosure: Have initiated a buy at 107-107.8 today. Will be recommending the same on CNBC too.
Regards,
Nooresh
April 13, 2012, 12:41
Hello Sir
Whats your view on Glenmark Pharma, i dont know if you track it, but seems to have broken out of a down trending line after many months of consolidation . Thanks
Regards
Sachin
April 13, 2012, 13:45
Hi Sachin,
Have recommended the above stock on cnbc today.
We took a buy yesterday around 315.
April 14, 2012, 15:21
hello sir , can you pls share your views on banknifty from here ?
April 16, 2012, 12:03
Hi Mani,
I dont take a very close look on Bank Nifty generally and for now would wait for RBI policy before taking a bet.
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