Buy Bharat Forge: CK Narayan, Sharyans Resources
Post the results, there has been the usual sell off in Bharat Forge but that sell off has actually brought it down to some short term supports.
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| Updated: CK Narayan, President Treasury, Sharyans Resources, in an interview with ET Now, gives his views on Bharat Forge
What is the call on Bharat Forge and Reliance Industries?
Post the results, there has been the usual sell off in Bharat Forge but that sell off has actually brought it down to some short term supports. So we could look for a few days of up move in the case of Bharat Forge but if the market which seems a little bit iffy right now were to weaken further, then we could see Bharat Forge drop down to about Rs 290 odd levels where again it remains a buy. The stock is clearly a buy. It is only a question of whether we look to buy it now or whether we look to buy it a little later. It would be now that the results are out, it would be linked to movements with the market overall. So anywhere between Rs 290 to here would be a range to buy the stock.
What is the call on Bharat Forge and Reliance Industries?
Post the results, there has been the usual sell off in Bharat Forge but that sell off has actually brought it down to some short term supports. So we could look for a few days of up move in the case of Bharat Forge but if the market which seems a little bit iffy right now were to weaken further, then we could see Bharat Forge drop down to about Rs 290 odd levels where again it remains a buy. The stock is clearly a buy. It is only a question of whether we look to buy it now or whether we look to buy it a little later. It would be now that the results are out, it would be linked to movements with the market overall. So anywhere between Rs 290 to here would be a range to buy the stock.
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