Sujana Towers has target of Rs 60: Anu Jain

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Sujana Towers has target of Rs 60: Anu Jain

Sujana Towers has target of Rs 60, says Anu Jain of IIFL Private Wealth Management at India Infoline.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Anu Jain See what other Experts & Brokerages are saying about Sujana Towers See messages about Sujana Towers

Sujana Towers has target of Rs 60, says Anu Jain of IIFL Private Wealth Management at India Infoline .

Jain told CNBC-TV18, "Currently Sujana Towers is looking good for about Rs 59.50-60 and any dips to Rs 54; you should buy into with a stop loss of Rs 52. I think the stop loss is a little lower but that stock has given a breakout in such a fashion that supports are far lower. So I would buy on any dip up till Rs 54 with a stop loss of Rs 52, target would be closer to Rs 60."

At 13:58 hrs the share was quoting at Rs 54.50, down Rs 0.05, or 0.09%. Market capitalisation stands at Rs 449.79 crore.

The company touched its 52 week high Rs 60.90 and 52 week low Rs 17.30 on 26 Oct, 2009 and 13 May, 2009, respectively. Currently, it is trading -10.51% below its 52-week high and 215.03% above its 52-week low.