SENSEX NIFTY
May 07, 2013, 06.55 PM IST | Source: CNBC-TV18

Hold Jain Irrigation with target of Rs 82: Thununguntla

Jagannadham Thununguntla, Strategist & Head of Research of SMC Global Securities Limited is of the view that one can hold Jain Irrigation Systems with a target of Rs 82.

Jagannadham Thununguntla, Strategist & Head of Research of SMC Global Securities Limited is of the view that one can hold Jain Irrigation Systems with a target of Rs 82.

Thununguntla told CNBC-TV18, “There was a time when Jain Irrigation was a blue head boy for many funds. Many mutual funds and hedge funds used to have it as their priority item but now considering that all the problems are Non-bank financial company (NBFC) related, the stock got sold off. Now I feel at least Rs 82 can easily be reached in the next wave of rally. You can hold on. You may be tested for three-four months but eventually Rs 82 level should be reached.”

Set email alert for

ADS BY GOOGLE

video of the day

Auto, bank to do well; L&T good 2-3 yr story: Alchemy's Ved

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.