Max India has target of Rs 275: Rajen Shah

6112 Investors following Max India. Share this News with them.

0

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

Max India has target of Rs 275: Rajen Shah

Max India has target of Rs 275, says Rajen Shah, CIO, Angel Broking.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rajen Shah See what other Experts & Brokerages are saying about Max India See messages about Max India Max India BSE | NSE 10/02/12 Are Mutual Funds betting on Max India?

Max India has target of Rs 275, says Rajen Shah , CIO, Angel Broking.

Shah told CNBC-TV18, "In Max India, the MD himself buying shares of the company very aggressively and this is what we had mentioned a couple of times. The company has got this insurance subsidiary and they are holding about 75% in it and the value of that is said to be more than the parent company that is Max India. Despite holding a substantial stake in the company the MD has been buying the shares very aggressively through creeping acquisitions, so it gives us the confidence that the company is in for good times, the stock is at Rs 225 and our target is Rs 275."