Buy Ranbaxy Labs; target of Rs 530: IIFL

IIFL is bullish on Ranbaxy Labs and has recommended buy rating on the stock with a target of Rs 530 in its December 5, 2012 research report.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney
moneycontrol.com

Home » News » Recommendations

Dec 05, 2012, 12.41 PM | Source: Moneycontrol.com

Buy Ranbaxy Labs; target of Rs 530: IIFL

IIFL is bullish on Ranbaxy Labs and has recommended buy rating on the stock with a target of Rs 530 in its December 5, 2012 research report.

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

Buy Ranbaxy Labs; target of Rs 530: IIFL

IIFL is bullish on Ranbaxy Labs and has recommended buy rating on the stock with a target of Rs 530 in its December 5, 2012 research report.

Post Your Comments

Share Cancel

(more)

, IIFL |

IIFL is bullish on Ranbaxy Labs and has recommended buy rating on the stock with a target of Rs 530 in its December 5, 2012 research report.
 
“Ranbaxy Labs has created a strong base around Rs498 in last few trading sessions. The above level also coincides with 200-DMA, suggesting strength in the counter. Moreover, on the daily line chart, the stock has surpassed the slanting resistance line of Rs504 on the daily chart drawn from peak of November 2012 and has sustained above it. It has brought an end to the corrective phase. We thus expect the stock to continue its uptrend and head higher to towards Rs530. (Duration 5 days),” says IIFL research report.

FIIs holding more than 30% in Indian cos

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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 here

Buy, Hold, Sell ? Hear it first on M3
Buy Ranbaxy Labs; target of Rs 530: IIFL

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login