Essar Oil can test Rs 190-200: Shrikant Chouhan

31407 Investors following Essar Oil. Share this News with them.

0

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

Essar Oil can test Rs 190-200: Shrikant Chouhan

Essar Oil can test Rs 190-200, says Shrikant Chouhan, Kotak Securities.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Markets Midday on CNBC-TV18 Watch the full show » RELATED NEWS Sell Essar Oil, says Mitesh Thacker Hold Essar Oil, target of Rs 160: Firstcall Research ALSO READ See previous views by Shrikant Chouhan See what other Experts & Brokerages are saying about Essar Oil See messages about Essar Oil Essar Oil BSE | NSE 01/06/12 Are Mutual Funds betting on Essar Oil?

Essar Oil can test Rs 190-200, says Shrikant Chouhan , Kotak Securities.

Chouhan told CNBC-TV18, "Essar Oil has spend 8-12 months in the range of Rs 130 on the lower side and Rs 160-170 on the higher side. I think this is the last stage of this particular stock and if it breaks Rs 155 levels then we can expect a good upmove to Rs 190-200 also."

He further added, "The stock is in the range, it was at Rs 130 in the last week and now it is around Rs 150. We can expect Rs 155 as first target and then Rs 170 maximum on the higher side in the current upmove."

At 15:04 hrs the share was quoting at Rs 148.90, up Rs 8.90, or 6.36%. Its Market Cap is of Rs 17,890.78 crore. The company's trailing 12-month (TTM) EPS was at Rs 4.24 per share.

Disclosure: I am holding Ipca labs.