Moneycontrol
Apr 22, 2013 11:06 AM IST | Source: Moneycontrol.com

Buy Shriram Transport above Rs 693; target Rs 715: IIFL

IIFL is bullish on Shriram Transport Finance Corporation and has recommended to buy the stock above Rs 693 with a stop loss of Rs 682 for the target price of Rs 715, in its April 22, 2013 research report.

 
 
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IIFL is bullish on Shriram Transport Finance Corporation and has recommended to buy the stock above Rs 693 with a stop loss of Rs 682 for the target price of Rs 715, in its April 22, 2013 research report.


"Shriram Transport Finance Corporation has been consolidating near the support zone of Rs 670 after it declined from the peak of Rs 800 in February 2013. Currently stock price has been hovering around its 200-DMA from which sharp rally is expected in the near term. The stock has also bounced back from the Bollinger Band support on the daily chart. A move past Thursday’s high has decent potential to attempt levels of Rs 720 in the near term. (Duration 7 days)," says IIFL research report.


FIIs holding more than 30% in Indian cos

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