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Jul 19, 2010, 02.51 PM IST
Probably first target on Alembic would be closer to about Rs 66-Rs 67. Post that, probably at Rs 75. So this stock is much better than the other two to play, says Anu Jain, IIFL Private Wealth Management.
Probably first target on Alembic would be closer to about Rs 66-Rs 67. Post that, probably at Rs 75. So this stock is much better than the other two to play, says Anu Jain , IIFL Private Wealth Management.
Jain told CNBC-TV18, "Alembic is looking very good. It’s given a breakout after almost a year on weekly charts. And even if you look at the 2007 tops, it’s a 38% retracement. Momentum is showing good movement and it’s bullish in volumes also. So probably first target would be closer to about Rs 66-Rs 67. Post that, probably at Rs 75. So this stock is much better than the other two to play."
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