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REI Agro could touch Rs 27-28: Gujral
REI Agro is probably the weakest of the rice stocks. It made a base between Rs 19 and Rs 23 and maybe can test Rs 27-28 sort of levels, says Technical Analyst, Ashwani Gujral.
REI Agro is probably the weakest of the rice stocks. It made a base between Rs 19 and Rs 23 and maybe can test Rs 27-28 sort of levels, says Technical Analyst, Ashwani Gujral.
Gujral told CNBC-TV18, "REI Agro is probably the weakest of the rice stocks. It made a base between Rs 19 and Rs 23 and maybe can test Rs 27-28 sort of levels. But in case the market breaks down, everything comes down. So some of these double digit stocks are showing some kind of bounce but Rs 27-28 is the limit where REI Agro could reach."
REI Agro touched an intraday high of Rs 25.20 and an intraday low of Rs 23.60. At 12:25 hrs the share was quoting at Rs 24.15, up Rs 0.55, or 2.33%. It was trading with volumes of 10,407,631 shares. Yesterday the share closed up 8.01% or Rs 1.75 at Rs 23.60.
