Buy Shriram Transport Finance Company Ltd., target Rs 1320.0 : CapitalVia Global Research Ltd

CapitalVia Global Research Ltd has Buy call on Shriram Transport Finance Company Ltd. with a target price of Rs 1320.0. The current market price of Shriram Transport Finance Company Ltd. is 1187.15. Time period given by analyst is Short Term, when Shriram Transport Finance Company Ltd. price can reach defined target. CapitalVia Global Research Ltd recommended to keep stop loss at Rs 1160.0. The stock is trading in a short-term pullback after a sharp rally it witnessed in the last month. A strong support zone is visible on the daily chart around Rs 1,150-1,170 levels. The stock is trading around its medium term moving averages of 50-days period. "We may expect it to show upside momentum further. Buy with a stop loss of 1160 on a move above 1210," Rohit Gadia, Founder & CEO, CapitalVia Global Research Ltd said.