Welspun Gujarat has target of Rs 350: Vora

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Welspun Gujarat has target of Rs 350: Vora

Welspun Gujarat Stahl Roh has target of Rs 350 in the next one-two month, says Gautam Vora of ULJK Securities.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Gautam Vora See what other Experts & Brokerages are saying about Welspun Guj See messages about Welspun Guj Welspun Corp BSE | NSE 31/05/12 Are Mutual Funds betting on Welspun Corp?

Gautam Vora of ULJK Securities is of the view that Welspun Gujarat Stahl Roh  has target of Rs 350 in the next one-two month.

Vora told CNBC-TV18, "We are putting out some positional trade for two-three months timeframe. The companies like Welspun Gujarat that we like right now. The stock right now is trading about Rs 282 a share. We have a target of about Rs 350 in the next month or two because it's looking very good on the positional side, on the long-term charts whereas the Moving Average Convergence Divergence (MACD) has turned around on Welspun Gujarat. The stock is closing to its 52 week high and it will break that and continue to move higher. So on the positional side Welspun Gujarat is one of my favourite stocks at this point."