When we invest in a stock ? Only when we believe its strong fundamental
growth story. Once you invest you may undergo a pain when stock price is
hammered left and right. This is a time when investors get panic and
book losses. So similar is a case happening in unity infra. Believe the
story and stay invested because no operators however big can go against
the direction of wind.
Inherent strength of stock shall force back the stock price to bounce back like a tennis ball hitting on the ground. Keep adding stock on decline at strong support between 43 and 44 levels on delivery basis for minimum six months, a decision which you will never regret.
Inherent strength of stock shall force back the stock price to bounce back like a tennis ball hitting on the ground. Keep adding stock on decline at strong support between 43 and 44 levels on delivery basis for minimum six months, a decision which you will never regret.
Yes Kotak Securities have come out with a latest buy report with a target price of Rs.70.
ReplyDeleteQ
Valuation and recommendation
* At current price of Rs 44, stock is trading at very attractive valuations of 3.1x PE on FY13 estimates.
* We maintain our estimates and target price of Rs 70 based on 5x FY13 estimated earnings and continue to maintain BUY on the company.
UQ
Strong buy at Rs.42 and Rs.43 levels on delivery basis with a six month investment horizon.