Buy Century Textiles; target of Rs 380: IIFL

10699 Investors following Century. Share this News with them.

0

Like this story, share it with millions of investors on M3

Buy Century Textiles; target of Rs 380: IIFL

IIFL is bullish on Century Textiles and has recommended buy rating on the stock with a target of Rs 380 in its July 4, 2011 research report.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Accumulate Gujarat State Petronet; tgt of Rs 112: JRG Sec Buy Delta Corp; target of Rs 114: GEPL Capital Sell Ambuja Cements; target of Rs 120: Aditya Birla Money ALSO READ See previous views by IIFL See what other Experts & Brokerages are saying about Century See messages about Century Century BSE | NSE 01/06/12 Are Mutual Funds betting on Century?

IIFL is bullish on Century Textiles and has recommended buy rating on the stock with a target of Rs 380 in its July 4, 2011 research report.

"Century Textiles has given an upside breakout after consolidating in rounding bottom formation which resembles bullish structure. Also, the stock gave a close above its 50 and 100-DMA for a third consecutive trading session. Breakout is also seen in daily RSI after formation of rounding bottom, this provide supplementary evidence of sustainable upmove in the counter and stock is likely to head towards Rs 386 in the medium term. We advise buying the stock above Rs 367 with stop loss of Rs 362 for an immediate target of Rs 380," says IIFL research report.

FIIs holding more than 30% in Indian cos

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click on the attachment