Buy GSFC with a target at Rs 80: Manas Jaiswal

Manas Jaiswal, manasjaiswal.com recommends an intra-day buy rating on GSFC with a target price of Rs 80 and a strict stop loss placed at Rs 74. The stock has gained 2.43 per cent so far in the calendar year 2016. The stock is looking buy on dips.

GSFC is a low beta stock (0.81) and is trading well above its 50-day, 100-day and 200-day moving averages placed at Rs 66.79, 69.46 and 70.30 respectively, as per data collated by ETMarkets.com. The stock is trading with a P/E of 7.51 and P/B of 0.61.