I have a target of 294 on KKCL: Pradeep Mukhi
Pradeep Mukhi, Independent Analyst, in a chat with ET Now talks about textile counters and realty space.
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| There has been a lot of talk about many textile counters, mainly KKCL, being part of the next rally. What is your view?
KKCL I have a target of 294, the breakout buy, which a lot of traders like because you are buying strength is above 259. I would rather buy closer to my stop loss, which is 221. The company is running at about 4 or 5 PE. It has got a great number of brands.
And on the realty space, I just like Anant Raj Industries the best. With a 121 stop loss, you can buy for a target of 166. Unlike other realty companies, this has no debt. So this is just a screaming buy.
KKCL I have a target of 294, the breakout buy, which a lot of traders like because you are buying strength is above 259. I would rather buy closer to my stop loss, which is 221. The company is running at about 4 or 5 PE. It has got a great number of brands.
And on the realty space, I just like Anant Raj Industries the best. With a 121 stop loss, you can buy for a target of 166. Unlike other realty companies, this has no debt. So this is just a screaming buy.
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