Hemen Kapadia of KR Choksey Securities is of the view that one may hold ILandFS Engineering with a target of Rs 93.
Hemen Kapadia of KR Choksey Securities told CNBC-TV18, "Going just by charts, ILandFS Engineering is a hold. The stock has been going nowhere, in the sense the market has done quite well over the last few years and the stock has been underperforming. I don’t see a problem with a stoploss of Rs 56 and a target of Rs 93. However, if one wants to shift then he/she can shift to something else because the stock is just not performing."
At 14:57 hrs ILandFS Engineering and Construction Company was quoting at Rs 78.20, down Rs 0.45, or 0.57 percent on the BSE.
The share touched its 52-week high Rs 116.30 and 52-week low Rs 57.50 on 24 February, 2015 and 28 August, 2014, respectively.
The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Aug 13, 2015 03:04 pm