Buy Godrej Consumer above Rs 757; target Rs 787: IIFL
IIFL is bullish on Godrej Consumer Products and has recommended to buy the stock above Rs 757 with a stop loss of Rs 742 for a target price of Rs 787, in its March 21, 2013 research report.
March 21, 2013 / 12:01 IST
IIFL is bullish on Godrej Consumer Products and has recommended to buy the stock above Rs 757 with a stop loss of Rs 742 for a target price of Rs 787, in its March 21, 2013 research report.
"Godrej Consumer started its recent upmove in early March 2013 from the lows of Rs 726 and broke out from a trading range to touch a peak of Rs 833. Technically, the stock is buy on every pullback to its 50-DMA since 2013 as seen in the past. The stock has corrected in last few trading sessions and has taken support at its 50-DMA, making it a compelling buy at current levels. Momentum oscillators also suggest that the selling pressure is likely to come to an end around current levels. (Duration 7 days)," says IIFL research report.Bodies Corporate holding more than 50% in Indian cos Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.To read the full report click on the attachment 
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