Buy Madras Cement for a target of 113: Sandeep Wagle
Madras Cement is purely a trade for the next 5 to 7 to 8 days with a 5% to 7% upside.
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| Sandeep Wagle, www.aptartindia.com, Founder & MD, APTART Technical Advisory Services, in a chat with ET Now talks about BF Utilities and Madras Cement.
BF Utilities and Madras Cement you have got both so if you can give us a time horizon and why?
Well Madras Cement is purely a trade for the next 5 to 7 to 8 days with a 5% to 7% upside. We have a target of around 113 or so in Madras Cement. BF Utilities, it's a different ball game altogether. We have been recommending this stock from around 900 levels but the problem with BF Utilities is it has got very very sharp up moves and down moves and the way it fell back to 900 from 1050 can scare a lot of investors and traders but on the long term we have a target of 1250 and possibly even 1450 over the next 3 to 6 months in this stock.
BF Utilities and Madras Cement you have got both so if you can give us a time horizon and why?
Well Madras Cement is purely a trade for the next 5 to 7 to 8 days with a 5% to 7% upside. We have a target of around 113 or so in Madras Cement. BF Utilities, it's a different ball game altogether. We have been recommending this stock from around 900 levels but the problem with BF Utilities is it has got very very sharp up moves and down moves and the way it fell back to 900 from 1050 can scare a lot of investors and traders but on the long term we have a target of 1250 and possibly even 1450 over the next 3 to 6 months in this stock.
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