HomeNewsBusinessStocksAbove Rs 100, Sintex may test Rs 115: Gaurav Bissa

Above Rs 100, Sintex may test Rs 115: Gaurav Bissa

Gaurav Bissa of LKP Securities is of the view that Sintex Industries may move to Rs 110-115 if the stock stays above Rs 100.

December 05, 2014 / 12:08 IST
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Gaurav Bissa of LKP Securities told CNBC-TV18, "Sintex Industries as a stock has been consolidating in the range of Rs 88-100. Now it is seen to be moving up to the range. Currently the stock is quoting near the upper end of the range; there is no sign of exhaustion as yet. It is trading above its short-term averages and short-term crossovers were seen getting built."

"For long-term, target it is pretty much high, if it is sustaining at Rs 100, it can go up to Rs 110-115 in a short span of time," he said.

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Disclosure: Analyst has no personal holdings in the stock but it is possible that he may have recommended the same to our clients at LKP.

first published: Dec 5, 2014 12:08 pm

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