Alembic target at Rs 66-67: Jain

5001 Investors following Alembic. Share this News with them.

0

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

Alembic target at Rs 66-67: Jain

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.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Anu Jain See what other Experts & Brokerages are saying about Alembic See messages about Alembic Alembic BSE | NSE 31/05/12 Are Mutual Funds betting on Alembic?

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."