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Enter in Tamil Nadu Newsprint, says Mohindar
Investors can enter in Tamil Nadu Newsprint and Papers between Rs 75-80, says Rahul Mohindar of Viratechindia. It can test Rs 92 in the short term and about Rs 103 in medium to long term.
Investors can enter in Tamil Nadu Newsprint and Papers between Rs 75-80, says Rahul Mohindar of Viratechindia. It can test Rs 92 in the short term and about Rs 103 in medium to long term.
Mohindar told CNBC-TV18, "One of the reasons why Tamil Nadu Newsprint is came on the radar is actually a big looser approaching good support, so this whole area of Rs 75-80 is a good point where one could enter as an investor. I don't see it breaking the Rs 70 mark in a hurry, I would use this down that you are seeing today enter long into the stock. My sense is that you would go to a level of about Rs 92 in the short term and about Rs 103 in medium to long term, so using this opportunity to enter a good level in my opinion."