Jan 11, 2017 01:47 PM IST | Source: CNBC-TV18

IGL may test Rs 950, Balrampur Chini Rs 147: Rajat Bose

Rajat Bose of rajatkbose.com is of the view that Indraprastha Gas may test Rs 950 while Balrampur Chini may hit Rs 147 and GATI Rs 125.

Rajat Bose of rajatkbose.com told CNBC-TV18, "Indraprastha Gas (IGL) is showing good momentum. There is still a possibility that it can actually test Rs 950, I have kept a target of Rs 943 and Rs 947 and put a stop loss at Rs 929.80. The stock looks pretty good."

"Balrampur Chini is one stock that I hold in my portfolio, put a stop loss below Rs 137 and expect a target of Rs 147 for a minimum and it could go even beyod that. The stock has got lot of momentum, in the recent past there has been a quite a bit of buying," he said.

"In GATI, I will put a stop loss at Rs 118.90 and the targets will be Rs 123 and Rs 125. On January 3, the stock surged and posted a high of Rs 126. I am expecting a retest of that, since the daily chart appears to be pretty good."

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