Bombay Dyeing looks bullish; can touch Rs 435: ULJK
Praveen Kumar, technical analyst, ULJK Securities is of the view that Bombay Dyeing is looking and can touch Rs 435 in coming days.
By ET Bureau |
MUMBAI: Nomura Equity Research has maintained ‘Buy’ recommendation on GAIL and revised upside target to Rs 500 from earlier Rs 410 on the stock.
“GAIL's gas transmission volumes have increased by ~40mmscmd over the past nine months compared with only ~23mmscmd over the previous nine years. The stock has also outperformed the Sensex by 8%/10%/ 32% over the past 1/3/6 months. Apart from growth in gas volumes, petchem business remains resilient.
Incremental news flow is likely to be positive - GAIL is likely to be given marketing margins for APM gas, and subsidy share could ease. GAIL remains our top pick. We maintain our Buy with a revised price target of Rs 500 (previously Rs 410),” the report said.
“GAIL's gas transmission volumes have increased by ~40mmscmd over the past nine months compared with only ~23mmscmd over the previous nine years. The stock has also outperformed the Sensex by 8%/10%/ 32% over the past 1/3/6 months. Apart from growth in gas volumes, petchem business remains resilient.
Incremental news flow is likely to be positive - GAIL is likely to be given marketing margins for APM gas, and subsidy share could ease. GAIL remains our top pick. We maintain our Buy with a revised price target of Rs 500 (previously Rs 410),” the report said.
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