EKC showing sign of big move: Nirmal Bang

MUMBAI: Nirmal Bang is of the view that Everest Kanto Cylinders is showing signs of a big upmove. It has advised to buy the stock for target of Rs 144.

“Buy and hold Everest Kanto Cylinders keeping a stop-loss of Rs 129. The counter is showing signs of big move happening. In the short term the stock has a given a breakout above the Rs 132 levels. Immediate target could be Rs 144 and in the longer run Rs 163 is possible if the stock holds Rs 122 in the medium to long term,” the report said.