Buy JK Lakshmi Cement, target Rs 470: Vaishali Parekh
Buy JK Lakshmi Cement Ltd. at a price target of Rs 470.0 and a stop loss at Rs 410 from entry point.
By ETMarkets.com | Updated:
Vaishali Parekh of Prabhudas Lilladher has a buy call on JK Lakshmi Cement with a target price of Rs 470.
The current market price of JK Lakshmi Cement is Rs 429.65.
Time period given by the analyst is one month when JK Lakshmi Cement price can reach defined target.
Vaishali Parekh recommended to keep a stop loss at Rs 410.
The stock has made a gradual recovery from the bottom made at around 390-395 levels and has witnessed a steady growth from there on. The stock has maintained above the significant moving average of 34 WMA and we anticipate a breakout above the previous peak of 460 in the coming days.
The current market price of JK Lakshmi Cement is Rs 429.65.
Time period given by the analyst is one month when JK Lakshmi Cement price can reach defined target.
Vaishali Parekh recommended to keep a stop loss at Rs 410.
The stock has made a gradual recovery from the bottom made at around 390-395 levels and has witnessed a steady growth from there on. The stock has maintained above the significant moving average of 34 WMA and we anticipate a breakout above the previous peak of 460 in the coming days.
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