Buy Uflex Ltd, target Rs 250: Nirmal Bang Securities

Nirmal Bang Securities has a buy call on Uflex Ltd. with a target price of Rs 250. The current market price of Uflex Ltd. is Rs 238.5. Time period given by analyst is Intra Day, when Uflex Ltd. price can reach defined target. Nirmal Bang Securities recommended to keep stop loss at Rs 234.

The stock has gained 30 per cent so far in the calendar year 2016. The stock is looking bullish on the charts.

Uflex is a high beta stock (1.27) and is trading well above its 50-day, 100-day and 200-day moving average of Rs 205.34, Rs 182.70 and Rs 177.42, respectively, as per data collated by ETMarkets.com. The stock is trading with a P/E of 8.63 and P/B of 0.52.