Jul 19, 2010, 02.51 PM IST

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.

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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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