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    HomeNewsBusinessStocksBuy Ranbaxy Labs; target of Rs 530: IIFL

    Buy Ranbaxy Labs; target of Rs 530: IIFL

    IIFL is bullish on Ranbaxy Labs and has recommended buy rating on the stock with a target of Rs 530 in its December 5, 2012 research report.

    December 05, 2012 / 12:41 IST
       
       
      26 Aug, 2025 12:21
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      IIFL is bullish on Ranbaxy Labs and has recommended buy rating on the stock with a target of Rs 530 in its December 5, 2012 research report.
       
      “Ranbaxy Labs has created a strong base around Rs498 in last few trading sessions. The above level also coincides with 200-DMA, suggesting strength in the counter. Moreover, on the daily line chart, the stock has surpassed the slanting resistance line of Rs504 on the daily chart drawn from peak of November 2012 and has sustained above it. It has brought an end to the corrective phase. We thus expect the stock to continue its uptrend and head higher to towards Rs530. (Duration 5 days),” says IIFL research report.


      FIIs holding more than 30% in Indian cos


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      To read the full report click on the attachment

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      first published: Dec 5, 2012 12:23 pm

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