Buy BGR Energy on declines: Ashwani Gujral
A good level to buy could be closer to levels of Rs 300 or so because the stock rallied almost 50% based on this news and now that the news is out, it should at best be sideways.
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| Updated: Ashwani Gujral, Fund Manager, Ashwanigujral.com, in a chat with ET Now, gives his stock views
Do you see a complete reversal in BGR Energy now?
It could now that the news is out. A good level to buy could be closer to levels of Rs 300 or so because the stock rallied almost 50% based on this news and now that the news is out, it should at best be sideways. It is difficult to see it rallies greatly from this point. Even if it does, the good point to buy is Rs 300 to Rs 320 rather than out here.
Do you see a complete reversal in BGR Energy now?
It could now that the news is out. A good level to buy could be closer to levels of Rs 300 or so because the stock rallied almost 50% based on this news and now that the news is out, it should at best be sideways. It is difficult to see it rallies greatly from this point. Even if it does, the good point to buy is Rs 300 to Rs 320 rather than out here.
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