Buy Dhampur Sugar, target Rs 134: Jay Thakkar

Jay Thakkar of Sharekhan recommends a buy rating on Dhampur Sugar with a target price of Rs 134 and a strict stop loss placed at Rs 111. The stock has gained 71 per cent so far in the calendar year 2016. The stock is looking bullish on the charts.

Dhampur Sugar is a low beta stock (0.68) and is trading well above its 50-day, 100-day and 200-day moving average of Rs 92.56, Rs 79.58 and Rs 66.02, respectively, as per data collated by ETMarkets.com. The stock is trading with a P/E of 22.88 and P/B of 1.75.