This counter is trading at around 297 levels. We recommend a buy call with a target of Rs.372.
Biocon Ltd.:
Short term traders and investors are advised to buy and hold for a target of Rs.350. Strong fundamental and business arguments, competition scenario favours the company.
Fortis Healthcare Ltd.:
After its recent acquisition in Singapore, this company will become Asia's second largest hospital chain. Moreover Ranbaxy Group promoters at helm will drive PE expansion by big investors wanting to invest with such a promoter leadership business.
Buy for a target of 173-178 for short term and 212+ for mid term. Purely Bull market call.
Tata Power Company Ltd:
This is comparatively a low volatility counter. Sudden 2-3 consecutive days spurt make it rise 10-15%. Also slides with same frequency. Seems to be building a strong base and narrowing consolidation range and giving way to technical break outs.
Buy with a target price of Rs.1395 and 1440.
All calls are based on fundamental, technical and other factoral analysis.
For more and regular calls Contact our Research Team on 09377008708.
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