HOLDING PERIOD – ONE to FIVE DAYS
- GUJ STATE PETRONET – GSPL ( CASH - Rs.88.90) :
The company has come out with a stellar performance in the second quarter where it reported net profit of Rs.110 cr against the consensus estimate of Rs.92 cr. Buying is advised above Rs.89.50 for a target of Rs.92.50 and Rs.95.50. Higher target of Rs.98 is also possible. Stop Loss of Rs.86.45 should be kept.
The stock is into a corrective mode and will regain strength once it starts trading above Rs.2380. Buying is advised above Rs.2380 with a stop loss of Rs.2329 for a target of Rs.2445 and Rs.2478. Higher target of Rs.2500-2531 is also possible.
