Accumulate Aegis Logistics on dips: Deshmukh

Published on Tue, Jul 20, 2010 at 15:35 |  Source : CNBC-TV18

Updated at Tue, Jul 20, 2010 at 17:22  

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Akshata Deshmukh, Networth Stock Broking

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Accumulate Aegis Logistics on dips, says Akshata Deshmukh of Networth Stock Broking.

Deshmukh told CNBC-TV18, "Aegis Logistics can test around Rs 525 levels. It's an uncharted territory as of now because looking at the long term chart also, the positive trend has started right from April of last year and the trend continues to remain."

She further added, "Month on month the stock has given positive gains and it continues to look very much favorable at this point. Like last week the volumes have really surged and the delivery based buying was much more pronounced, so I think there is some genuine buying taking place in this stock. So, I would suggest accumulating on dips."

  

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