Pidilite Industries closed 1.5% up in trade today at Rs 855 compared to 1% fall in the benchmark Nifty.
Expecting Pidilite to post revenue and earnings CAGR of 14.1% & 16.7% through FY17-19E, we maintain our BUY recommendation on the stock with a target price of Rs 941.
TATAELXSI (PREVIOUS CLOSE: 920)SELL
Fresh short position can be initiated in the range of Rs 930-950 for the target of Rs 820-790 with a strict stop loss of Rs 980.
BHEL (PREVIOUS CLOSE: 91) SELL
For today’s trade, short position can be initiated at around Rs 92-93 for the target of Rs89-87 with a strict stop loss of Rs 94.
NMDC (PREVIOUS CLOSE: 129)SELL
For today’s trade, short position can be initiated at around Rs 132-133 for the target of Rs 127-125 with a strict stop loss of Rs 135.
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