Buy Chennai Petro , target of Rs 236, says Sharmila Joshi, Head of Equities, Farewealth Securities.
Joshi told CNBC TV18, "I would buy Chennai Petro with a target of Rs 236 and a stop loss of Rs 227.50. The numbers for Chennai Petro have been very good and if you add back the tax refund that they are likely to get of Rs 300 crore then the numbers will look attractive."
She further added, "This stock has a very decent dividend yield of about 5.2 for FY11 s this is the first stock I would buy."
