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Kulkarni upbeat on L&T Finance, NBCC

Shardul Kulkarni, Angel Broking is of the view that L&T Finance can can go upto Rs 97 and NBCC has target of Rs 180.

December 07, 2012 / 18:45 IST
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Shardul Kulkarni, Angel Broking is of the view that L&T Finance can can go upto Rs 97 and NBCC has target of Rs 180.

Kulkarni told CNBC-TV18, "L&T Finance does not have any resistance, it is near to the all time high and I think that it can even go further. Momentum again is quite strong and I think that it can probably well breach the levels of Rs 100 considering the fact that last four trading sessions stock has already hit the upper circuit. The 5 percent upper circuit limit seems too small for L&T Finance Holdings. I think going forward you may see the levels of Rs 95-97 in case of this particular counter. He further added, "For National Buildings Construction Corporation (NBCC), it is quite difficult to fathom but yes, it is a very strong breakout in today’s trading session. Government company giving you a breakout on the upside that is a little surprising for the market. I think going forward, you will still see this particular stock move further. I would expect Rs 178 to Rs 180 levels in case of NBCC.
first published: Dec 7, 2012 03:02 pm

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