Rajat Bose of rajatkbose.com recommends buying BASF India for long term for a target of Rs 1304.
Rajat Bose of rajatkbose.com told CNBC-TV18, "I would suggest that if you have patience then buy BASF India for long-term. When a multi-national actually changes its stack, changes its strategy, re-organises itself, I have seen them giving huge run. Now, it is only consolidating, once the things are in place, you will see BASF going great guns. That is why you saw such sharp rallies from the lower levels."
"BASF could be headed much higher but for now Rs 1,275 and Rs 1,304 could be your target. You can buy at current level or any intraday dip. Put a stop loss below Rs 1,210. This is a great stock to have as an investment as well and caveat here is that I have already recommended this stock to my clients for investments," he said.The Great Diwali Discount!
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First Published on Aug 28, 2015 11:00 am