Buy Century Ply, target Rs 182: Kunal Bothra

Kunal Bothra, Head - Advisory at LKP recommends a buy rating on Century Ply with a target price of Rs 182 and a strict stop loss placed at Rs 168. The stock has gained 0.12 per cent so far in the calendar year 2016. The stock is looking bullish on the charts.

Century Ply is a low beta stock (0.62) and is trading well above its 50-day, 100-day and 200-day moving average of Rs 174, Rs 165 and Rs 168, respectively, as per data collated by ETMarkets.com. The stock is trading with a P/E of 22.96 and P/B of 9.93.