Buy Century Textiles; target of Rs 315: IIFL
IIFL is bullish on Century Textiles and Industries and has recommended buy rating on the stock with a target of Rs 315 in its May 28, 2013 research report.
IIFL`s research report on Century Textile
"Century Textile has created a strong base around Rs292-295 levels. Same level coincides with its 50- DMA, suggesting strength in the counter. The stock already went through a correction phase after declining from the peak of Rs333 to a low of Rs288. Thereafter, it broke out from ‘falling wedge’ pattern, indicating more upside from the current levels. (Duration 5 days). Buy Century Textile for a target of Rs 315 with a stop loss of Rs 297,” 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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