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Finolex Industries may test Rs 190: B Krishnakumar

B Krishnakumar, head- equity research at fundsindia.com is of the view that Finolex Industries may test Rs 190.

December 20, 2013 / 15:58 IST
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B Krishnakumar, head- equity research at fundsindia.com told CNBC-TV18, "Right from Rs 110 Finolex Industries has been in a steady uptrend and we think there is much room to the upside. We are looking at a target of Rs 190 and stoploss would be Rs 152 in it."

On December 20, 2013 Finolex Industries closed at Rs 163.10, up Rs 2.05, or 1.27 percent.

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The share touched its 52-week high Rs 171.15 and 52-week low Rs 60.05 on 12 December, 2013 and 16 January, 2013, respectively.

Disclosure: He does not have any exposure in the stock but he might have discussed the stock with his clients.

first published: Dec 20, 2013 03:58 pm

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