Mangalam Cement (MCL) surged ~4% in yesterday’s trade on the expectation of better performance ahead with the likely improvement in sales volume in coming months mainly to be aided by Aligarh Grinding Unit.
We reiterate our fundamental BUY rating on the stock with Target Price of Rs 440.
ASHOKLEY (PREVIOUS CLOSE: 123) BUY
Fresh long position can be initiated in the range of Rs 121-119 for the target of Rs134 with a strict stop loss of Rs 115.
AXISBANK (PREVIOUS CLOSE: 560) SELL
For today’s trade, short position can be initiated in the range of Rs 562-564 for the target of Rs544 with a strict stop loss of Rs 571.
ACC (PREVIOUS CLOSE: 1743) BUY
For today’s trade, long position can be initiated in the range of Rs 1740-1730 for the target of Rs1770 with a strict stop loss of Rs 1720.
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