Buy Godfrey Philips India, target Rs 1,080: Vikas Jain
Buy Godfrey Philips India Ltd. at a price target of Rs 1080.0 and a stop loss at Rs 950 from entry point.
By ETMarkets.com |
Vikas Jain of Reliance Securities has a buy call on Godfrey Philips India with a target price of Rs 1,080.
The current market price of Godfrey Philips India is Rs 999.70.
Time period given by the analyst is one month when Godfrey Philips India price can reach defined target.
Vikas Jain recommended to keep stop loss at Rs 950.
In a report, he said, "The stock reversed after taking support of prior swing low and rose to 2-week high. Due to recent recovery in the price, the key technical indicators have given bullish cross-over. We believe that the stock will move upwards, as major technical indicators are in favor of the probable up-move."
Godfrey Philips India, incorporated in the year 1936, is a Mid Cap company (having a market cap of Rs 5197.83 Crore) operating in Tobacco sector.
The company’s top management includes Dr.Lalit Bhasin, Mr.Anup N Kothari, Mr.AtuI Kumar Gupta, Mr.K K Modi, Mr.R A Shah, Mr.Ruchir Kumar Modi, Mr.Samir Modi, Mrs.Bina Modi.
Company has S R Batliboi & Co. LLP as its auditors.
As on 30-09-2017, the company has a total of 51,993,920 shares outstanding.
The current market price of Godfrey Philips India is Rs 999.70.
Time period given by the analyst is one month when Godfrey Philips India price can reach defined target.
Vikas Jain recommended to keep stop loss at Rs 950.
In a report, he said, "The stock reversed after taking support of prior swing low and rose to 2-week high. Due to recent recovery in the price, the key technical indicators have given bullish cross-over. We believe that the stock will move upwards, as major technical indicators are in favor of the probable up-move."
Godfrey Philips India, incorporated in the year 1936, is a Mid Cap company (having a market cap of Rs 5197.83 Crore) operating in Tobacco sector.
ADVERTISEMENT
The company’s top management includes Dr.Lalit Bhasin, Mr.Anup N Kothari, Mr.AtuI Kumar Gupta, Mr.K K Modi, Mr.R A Shah, Mr.Ruchir Kumar Modi, Mr.Samir Modi, Mrs.Bina Modi.
Company has S R Batliboi & Co. LLP as its auditors.
As on 30-09-2017, the company has a total of 51,993,920 shares outstanding.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
