Hold Oil India, long term target Rs 600: Jain

Anu Jain, director of Equities at IIFL Private Wealth Management advised holding Oil India. She also recommended buying the stock on declines with a long term target of Rs 600.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Masteryourmoney Earnings
moneycontrol.com

Home » News » Stocks Views

Mar 11, 2013, 12.58 PM | Source: CNBC-TV18

Hold Oil India, long term target Rs 600: Jain

Anu Jain, director of Equities at IIFL Private Wealth Management advised holding Oil India. She also recommended buying the stock on declines with a long term target of Rs 600.

Like this story, share it with millions of investors on M3

Hold Oil India, long term target Rs 600: Jain

Anu Jain, director of Equities at IIFL Private Wealth Management advised holding Oil India. She also recommended buying the stock on declines with a long term target of Rs 600.

Post Your Comments

Share Cancel

Anu Jain (more)

Sr VP, IIFL Private Wealth Management | Capital Expertise: Equity - Technical

Anu Jain, director of Equities at IIFL Private Wealth Management advised holding Oil India. She also recommended buying the stock on declines with a long term target of Rs 600.

Jain told CNBC-TV18, “Despite the rampage we saw in Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL), Oil India held on in the two weeks. It is again back to the Rs 550 zone where it was finding resistance. I would basically like to hold onto the stock, if I have already been holding it.”

She further said, “If one wants to buy it further at these levels, then buy with a stop loss closer to Rs 537. For a longer period the chart is heading towards Rs 600, but for a shorter period, I would play towards Rs 575 for a week to 10 days bias.”

“I would probably buy every dip if there is any and also on momentum because 5-7 percent is built into the chart. This is one of the charts, which was positive on a month-on-month basis. That is the reason I like it for a positive bias,” Jain added.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Hold Oil India, long term target Rs 600: Jain

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login