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Last Updated : Mar 23, 2016 03:40 PM IST | Source: CNBC-TV18

Exit Nitin Fire at around Rs 37, says Shahina Mukadam

Shahina Mukadam, Independent Market Expert advises exiting Nitin Fire Protection at around Rs 37.

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "In next three month or six month about Rs 37 is something which I think is achievable in Nitin Fire Protection."

"The fundamentals are bit weak but at the same time the potential for the company in terms of business growth does exists. So, I think one can keep a stoploss of about Rs 34 and keep a near-term target of Rs 37 once that is achieved one can shift to another stock may be in another sector which is moving faster," she said.

The share touched its 52-week high Rs 55.30 and 52-week low Rs 27.20 on 19 August, 2015 and 12 June, 2015, respectively.

First Published on Mar 23, 2016 03:37 pm