Buy Pidilite Industries Ltd. target Rs 970 : Sharekhan

Gaurav Ratnaparki of Sharekhan has Buy on Pidilite Industries with a target price of Rs 970. The current market price of Pidilite Industries is Rs 890.5. Time period given by analyst is one month when Pidilite Industries price can reach defined target. Gaurav Ratnaparki has recommended to keep a stop loss at Rs 865.
"The stock has recently crossed a short term falling trendline & has retested it. Crucial daily & weekly moving averages are also providing support to the counter. Thus the stock is trading near a strong support zone & is offering a good risk- reward ratio to initiate a fresh long position," the analyst said.