Buy Jain Irrigation Systems, target Rs 114: Vaishali Parekh, Prabhudas Lilladher

Vaishali Parekh from Prabhudas Lilladher has a buy call on Jain Irrigation Systems Ltd. with a target price of Rs 114. The current market price of Jain Irrigation Systems Ltd. is Rs 103.75. Time period given by analyst is week when Jain Irrigation Systems Ltd. price can reach defined target. Vaishali Parekh recommended to keep stoploss at Rs 99.
The stock has given a decent correction from the levels of 119 to 83 levels in the last month and from thereon has made a good recovery to reach till 103 level. The RSI is on the rise and MACD indicator also is in the buy mode and along with other favourable indicators supporting.