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Chennai Petro an excellent buy at Rs 270-275: E Mathew
Published on Fri, Jul 25, 2008 at 16:35 , Updated at Fri, Jul 25, 2008 at 17:47
Source : CNBC-TV18
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Technical Analyst, E Mathew is of the view that Chennai Petroleum Corporation would be an excellent buy around Rs 270-275. Mathew told CNBC-TV18, "Even Chennai Petroleum, I think on declines is another counter, a standalone refinery. Here too the company came out with excellent results. Maybe it didn’t react that much to the results. But at lower levels, Chennai has got very good support around the Rs 270-275 zone. That would be an excellent buy if one could get it around that region."
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