Buy Welspun Gujarat for target of Rs 290: Nirmal Bang

MUMBAI: Nirmal Bang has advised traders to buy Welspun Gujarat for target of Rs 290.

"Buy Welspun Gujarat for a target of Rs 290. The stock has corrected almost 10% from the top of Rs 296 and has taken support of its 50 day moving average of Rs 263. There has been a considerable increase in the volumes. Stoploss can be placed at Rs 259," the report said.