Buy Alstom on decline: Ashwani Gujral
Some kind of tailwind is building up in the power space, Havells, Neyveli Lignite, Alstom, all of these midcap type capital good stocks are moving higher.
Updated:
Ashwani Gujral, Chief Market Strategist, in an interview with ET Now, gives his views on Alstom Projects
What is the call on Alstom Projects?
Alstom apparently yesterday in the morning (Rs 565- Rs 570) was doubted as a support and the stock shot up from there, it was expected, not on this news but it should see targets of Rs 750 in the days to come if the market remains stable. Some kind of tailwind is building up in the power space, Havells, Neyveli Lignite, Alstom, all of these midcap type capital good stocks are moving higher. So you would look to buy Alstom on declines.
What is the call on Alstom Projects?
Alstom apparently yesterday in the morning (Rs 565- Rs 570) was doubted as a support and the stock shot up from there, it was expected, not on this news but it should see targets of Rs 750 in the days to come if the market remains stable. Some kind of tailwind is building up in the power space, Havells, Neyveli Lignite, Alstom, all of these midcap type capital good stocks are moving higher. So you would look to buy Alstom on declines.
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