IIFL is bullish on Century Textiles and has recommended buy rating on the stock with a target of Rs 424 in its December 26, 2012 research report.
“Century Textile continue to remain in strong uptrend and recent decline has landed stock price near the support of its 50-DMA with RSI trading in the neutral zone. From August 2012, 50-DMA has provided good support on every decline, bringing an end to recent corrective phase. (Duration 5 days),” says IIFL research report.
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