Buy Balrampur Chini with target price of 54 and above: Vijay Bhambwani

In a chat with ET Now, Vijay Bhambwani, Author, CEO, BSPLindia.com shares his views about Balrampur Chini.

ET Now: What is the call on Balrampur Chini?

Vijay Bhambwani: Buy Balrampur Chini at 51 levels. It is a stock that I have been recommending right from 38 levels. I would buy it at 51, hold it with a stop loss at 48. I might just take a leeway of the stop loss here again and my target would be a conservative 54 and above. This again is not necessarily a day trade. You might just need to roll it over to the next couple of trading days.