MRPL has target of Rs 48: Anu Jain

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MRPL has target of Rs 48: Anu Jain

Anu Jain of Omniscient Securities is of the view that MRPL has target of Rs 48.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Anu Jain See what other Experts & Brokerages are saying about MRPL See messages about MRPL MRPL BSE | NSE 28/05/12 Are Mutual Funds betting on MRPL?

Anu Jain of Omniscient Securities is of the view that Mangalore Refinery and Petrochemicals , MRPL has target of Rs 48.

Jain told CNBC-TV18, "On the charts nothing is showing that there is going to be a big move coming. Rs 41-42 is where it is and it stays there. As a medium-term target, Rs 48 is possible, if the investor wants to stay in the industry, it is a hold. If you see from Rs 41-48, it is about 25% jump that is possible over the next six months to a year but there is nothing, which is really indicative of a big jump or a big move, this is not really following the trend of the market but, it would probably come back to the investor's price of acquisition."