Buy JBF for target of Rs 240-250: Ventura

MUMBAI: Bharat Gala, President, Ventura Securities is of the view that JBF can touch Rs 240-250 levels.

“A move above Rs 151 in JBF will attract fresh buying. Once it starts trading above Rs 165 for few sessions the stock will open for Rs 100 upmove. Supports are at Rs 135-124-118 levels.

One should buy and hold the stock for target of Rs 240-250. A move below Rs 118 will take the stock to Rs 97-80. Hence keep stoploss of Rs 115.

The recent highest volume in the stock was around Rs 133-150. Hence a move above Rs 151 will be a confirmation of upmove by the same buyer,” Gala said.