Enter in Tamil Nadu Newsprint, says Mohindar

Published on Fri, Aug 28, 2009 at 14:49 |  Source : CNBC-TV18

Updated at Fri, Aug 28, 2009 at 16:50  

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Rahul Mohindar, Viratechindia

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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."

  

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