Buy Jain Irrigation; target of Rs 112: IIFL

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Buy Jain Irrigation; target of Rs 112: IIFL

IIFL is bullish on Jain Irrigation and has recommended buy rating on the stock with a target of Rs 112 in its January 25, 2012 research report.

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RELATED NEWS Buy Idea Cellular above Rs 88; target Rs 94: IIFL Sell Lupin on rallies; Buy Maruti on dips: GEPL Capital Hold Hero MotoCorp; target Rs 2085: Way2Wealth ALSO READ See previous views by IIFL See what other Experts & Brokerages are saying about Jain Irrigation See messages about Jain Irrigation Jain Irrigation BSE | NSE 30/05/12 Are Mutual Funds betting on Jain Irrigation?

IIFL is bullish on Jain Irrigation and has recommended buy rating on the stock with a target of Rs 112 in its January 25, 2012 research report.

"Jain Irrigation on the daily chart has broken out from 'Flag' pattern above Rs105 with surge in volumes. This move has terminated the sideways momentum in the counter and since Flag is considered as bullish consolidation. It's outcome to be dealt positively during an uptrend. The upside potential remains high up to Rs115 in the medium term. We advise buying the stock above Rs106 with stop loss of Rs103 for Target of Rs112. (Duration 4 days)," says IIFL research report.   

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