Uptrend for Cadila Healthcare: Ashwani Gujral
It's a stock which creates alpha, meaning regardless of market movement, it generally tends to move on the upside.
By 
|
| ET Now spoke to Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, on his views on Cadila Healthcare.
What is the call on Cadila Healthcare, which is up about 2.5%?
Cadila Healthcare has been a very strong stock. It hardly corrects and it corrected from about Rs 860 to about Rs 730. Now it started to get past these Rs 760-Rs 775 kind of levels and this is a stock which creates alpha, which means regardless of market movement, it generally tends to move on the upside. So next target here could be closer to Rs 830.
What is the call on Cadila Healthcare, which is up about 2.5%?
Cadila Healthcare has been a very strong stock. It hardly corrects and it corrected from about Rs 860 to about Rs 730. Now it started to get past these Rs 760-Rs 775 kind of levels and this is a stock which creates alpha, which means regardless of market movement, it generally tends to move on the upside. So next target here could be closer to Rs 830.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
