HomeNewsBusinessStocksBuy Godrej Industries, JK Lakshmi Cement: Kunal Bothra

Buy Godrej Industries, JK Lakshmi Cement: Kunal Bothra

Kunal Bothra of LKP Securities recommends buying Godrej Industries and JK Lakshmi Cement.

March 17, 2015 / 16:03 IST
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Kunal Bothra of LKP Securities told CNBC-TV18, "Godrej Industries has come back above 200 day moving average and it has given a golden crossover what we call in terms of technicals – the 50 day moving average and is crossing over the 200-day moving average which is a good sign of a strong uptrend coming. I would suggest a buy with a target of Rs 370 and a stop loss at Rs 330."

"JK Lakshmi Cement is just about coming above the 200-day moving average. In terms of pattern it is forming a inverse head and shoulders and I believe on a short term basis it could be bought, target could be Rs 420 and stop loss of Rs 375," he added.

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first published: Mar 17, 2015 03:11 pm

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