Buy PNB Gilts, target Rs 55: Vaishali Parekh

Vaishali Parekh of Prabhudas Lilladher has a buy call on PNB Gilts with a target price of Rs 55.

The current market price of PNB Gilts is Rs 48.60.

Time period given by the analyst is one month when PNB Gilts price can reach defined target.

Vaishali Parekh recommended to keep a stop loss at Rs 45.

PNB Gilts, incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 874.85 Crore) operating in Finance sector.

"The stock has taken support at the significant moving average of 34WMA which lies at 46.50 and has now produced a positive candle pattern in the daily chart to signify strength and potential to rise further in the coming days. The RSI has shown a steep rise to indicate positive bias and further gains can be anticipated. With good decent volume participation witnessed, we recommend a buy in this stock for an upside target of 55 keeping a stop loss of 45," the analyst said in a report.