Buy Uflex, target Rs 200: Swati Hotkar

Swati Hotkar, technical research analyst at Nirmal Bang Securities recommends a buy rating on Uflex with a target price of Rs 200 and a strict stop loss placed at Rs 180. The stock is flat so far in the calendar year 2016. The stock is looking bearish on the charts.

Uflex is a low beta stock (0.61) and is trading well above its 50-day, 100-day and 200-day moving aberages placed at Rs 174.10, Rs 168.19 and Rs 166.34, respectively, as per data collated by ETMarkets.com. The stock is trading with a P/E of 7.16 and P/B of 0.44.