Buy Dhanlakshmi Bank with investment view: Nirmal Bang
Nirmal Bang Securities has recommended investors to buy shares of Dhanlakshmi Bank with an investment for a target of Rs 175.
By ET Bureau |
MUMBAI: Nirmal Bang Securities has recommended investors to buy shares of Dhanlakshmi Bank with an investment for a target of Rs 175.
“There has been a spurt in the volume and the stock is well placed above its short term 5 and 20 day moving average of 139 and 136 respectively which signifies the strength of the stock. Strong support seen around 137/132 levels,” said the brokerage firm.
Shares of the company were trading at Rs 151.65, higher by 2.29 per cent on the NSE.
“There has been a spurt in the volume and the stock is well placed above its short term 5 and 20 day moving average of 139 and 136 respectively which signifies the strength of the stock. Strong support seen around 137/132 levels,” said the brokerage firm.
Shares of the company were trading at Rs 151.65, higher by 2.29 per cent on the NSE.
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