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Last Updated : Oct 24, 2016 02:32 PM IST | Source: CNBC-TV18

Buy JB Chemical, Adani Ports; Aptech may hit Rs 260: Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy JB Chemical, Tamil Nadu Newsprint and Adani Ports and feels that Aptech may hit Rs 260.

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "JB Chemical is a buy with a stop loss of Rs 394 with a target of Rs 420. Tamil Nadu Newsprint (TNPL) is also a buy with a stop loss of Rs 370 and target of Rs 395."

"Adani Ports is a buy with a stop loss of Rs 287 and target of Rs 304," he said.

"Aptech is in a very strong uptrend and given the way rest of IT is moving, possibly the factors are extraordinary here which mean not sector related. Now, it made a base around Rs 150-180 zone and from there it is again breaking out. So, possibly some sort of parabolic move is in the offing. Something similar to the 100 point move we saw from Rs 70 to Rs 170. So, you can say from Rs 160 another 100 points, say Rs 260 could be easily possible. Right now risk reward is favourable because it has just broken out. So maybe keep a stop loss around Rs 180 and look for targets of Rs 260."
First Published on Oct 24, 2016 02:32 pm