Sep 16, 2013, 05.54 PM | Source: CNBC-TV18
Nooresh Merani of AMSEC Research recommends holding Sintex Industries as the stock may bounce back to Rs 30-35.
Nooresh Merani (more)
Technical Analyst, Asian Market Sec | Capital Expertise: Equity - Technical
"Given the fact that it is out of derivatives from hereon there could not be any short pressure, so from current levels maybe one could see a bounce back to Rs 30-35 where one can revive whether one can hold on to the stock or not. At current levels it could be a hold," he added.
On September 16, Sintex Industries closed at Rs 23.15, down Rs 0.20, or 0.86 percent.
The share touched its 52-week high Rs 75.60 and 52-week low Rs 16.90 on 12 October, 2012 and 04 September, 2013, respectively. Currently, it is trading 69.38 percent below its 52-week high and 36.98 percent above its 52-week low. Market capitalisation stands at Rs 724.85 crore.
Gaurang Shah of Geojit BNP Paribas is of the view
Prakash Gaba of prakashgaba.com is of the view tha
Sintex Industries has reported a consolidated tota
Sintex Industries Ltd has informed BSE regarding O