Buy Century Textile; target of Rs 337: IIFL
IIFL is bullish on Century Textile and has recommended buy rating on the stock with a price target of Rs 337 in its May 20, 2013 research report.
IIFL`s research report on Century Textile
"Century Textile has done pretty much nothing in last two weeks, besides moving in a trading band between Rs 306-322. On Friday, the crossed above the upper end of the trading range. A move above Rs 322 is likely to lead to a breakout from the range bound trading pattern. Our view is further validated after the stock gave a close above its 10- DMA. If the stock holds up above the levels of Rs 317 today, it can post huge upside in the coming trading sessions. (Duration 5 days). Buy Century Textile for a target of Rs 337," says IIFL research report.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. 
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