Buy Lupin, target Rs 960: Vikas Jain
Buy Lupin Ltd. at a price target of Rs 960.0 and a stop loss at Rs 812 from entry point.
By ETMarkets.com |
Vikas Jain of Reliance Securities has a buy call on Lupin with a target price of Rs 960.
The current market price of Lupin is Rs 859.90.
Time period given by the analyst is a month when Lupin price can reach defined target.
Vikas Jain recommended to keep a stop loss at Rs 812.
In a report, he said, "The stock has consolidated in the past few weeks after a vertical sell off. The key technical indicator-RSI is in oversold region, which is signaling that a sharp pullback cannot be ruled out from the current level. The stock has crossed its short term averages and the recent lows would act as a strong support."
Lupin, incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 38,853.56 Crore) operating in Pharmaceuticals and health care sector.
The company’s top management includes Dr.Desh Bandhu Gupta, Dr.K U Mada, Dr.Kamal K Sharma, Dr.Vijay Kelkar, Mr.Dileep C Choksi, Mr.Jean-Luc Belingard, Mr.Nilesh Gupta, Mr.R A Shah, Mr.Ramesh Swaminathan, Mr.Richard Zahn, Mrs.Manju D Gupta, Ms.Vinita Gupta.
Company has B S R & Co. LLP as its auditors.
As on 30-09-2017, the company has a total of 451,838,126 shares outstanding.
The current market price of Lupin is Rs 859.90.
Time period given by the analyst is a month when Lupin price can reach defined target.
Vikas Jain recommended to keep a stop loss at Rs 812.
In a report, he said, "The stock has consolidated in the past few weeks after a vertical sell off. The key technical indicator-RSI is in oversold region, which is signaling that a sharp pullback cannot be ruled out from the current level. The stock has crossed its short term averages and the recent lows would act as a strong support."
Lupin, incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 38,853.56 Crore) operating in Pharmaceuticals and health care sector.
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The company’s top management includes Dr.Desh Bandhu Gupta, Dr.K U Mada, Dr.Kamal K Sharma, Dr.Vijay Kelkar, Mr.Dileep C Choksi, Mr.Jean-Luc Belingard, Mr.Nilesh Gupta, Mr.R A Shah, Mr.Ramesh Swaminathan, Mr.Richard Zahn, Mrs.Manju D Gupta, Ms.Vinita Gupta.
Company has B S R & Co. LLP as its auditors.
As on 30-09-2017, the company has a total of 451,838,126 shares outstanding.
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