Target of 50-52 for Punjab Alkalies & Chemicals: Fayeza Hafizee

ET Now spoke to Fayeza Hafizee, Vice President, Institutional Sales, Intime Spectrum Securities Ltd, on her stock picks.

ET Now: How do you look at Punjab Alkalies & Chemicals?

Fayeza Hafizee: The stake sale is being done through a strategic investor coming in rather than a market sale which itself is a positive because you are probably going to get a better pricing. Plus you do have the little carrot of the open offer coming post that.

So investors are looking at it from that perspective and saying that if the strategic investor discovers true value, it is possible that you are going to get much better stock price than what you are seeing on the markets. Even on the charts, the stock has broken past its resistance of 35 and we are looking at a good stock price target of about Rs 50 to Rs 52. So definitely if you can get the stock, then it is a good buy right now.