Buy Natco Pharma; target of Rs 339: IIFL

IIFL is bullish on Natco Pharma and has recommended buy rating on the stock with a target of Rs 339 in its January 5, 2011 research report.

After hitting all time peak of Rs 357 in the month of December 2010, stock has been consolidating in a triangle pattern with volumes dipping, prices moves nearer to the apex. However stock has signaled a breakout from the triangle in yesterdays trading session with spurt in volumes. The breakout was also backed up with

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