Buy Alstom Projects with long-term view: Nirmal Bang

MUMBAI: Nirmal Bang Securities has recommended investors to buy Alstom Projects with a long-term perspective.

“Buy with a longer time horizon, support at Rs 518, unless you see a break below this point the upside in intact, if you see a steady move above Rs 550 with average volume of 2.5 lakh shares then look for a minimum target of 595-635,” said the brokerage.

At noon, shares of Alstom Projects were trading at Rs 542.90, up 1.08 per cent or Rs 5.80 on the NSE.