Buy Berger Paints; target of Rs 166: IIFL

IIFL is bullish on Berger Paints and has recommended buy rating on the stock with a target of Rs 166 in its December 27, 2012 research report.

“The sideways consolidation in Berger Paints ended after prices surged above the long term horizontal resistance line of Rs157. Such a breakout has occurred after long consolidation of atleast two months and with a positive crossover in RSI. Expect follow-up buying to continue in today’s trade. (Duration 4 days),” says IIFL research report.

Institutional holding more than 40% 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

first published: Dec 27, 2012 12:21 pm

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Buy Berger Paints; target of Rs 166: IIFL

IIFL is bullish on Berger Paints and has recommended buy rating on the stock with a target of Rs 166 in its December 27, 2012 research report.

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