Sell Hindalco; stop loss around Rs 174-177: Nirmal Bang
Nirmal Bang Securities has recommended investors to sell shares of Hindalco Industries.
By ET Bureau |
MUMBAI: Nirmal Bang Securities has recommended investors to sell shares of Hindalco Industries.
“The counter is slightly in a corrective mode. The long term structure looks positive but in coming days we see the stock falling upto 161 or 156 where it gives a best buying opportunity to re-enter. Stop-loss can be placed at higher levels around 174-177,” said the brokerage firm.
Shares of the company were trading at Rs 171.35, up 1.24 per cent or Rs 2.10 on the NSE.
“The counter is slightly in a corrective mode. The long term structure looks positive but in coming days we see the stock falling upto 161 or 156 where it gives a best buying opportunity to re-enter. Stop-loss can be placed at higher levels around 174-177,” said the brokerage firm.
Shares of the company were trading at Rs 171.35, up 1.24 per cent or Rs 2.10 on the NSE.
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