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30th July 2014
Nifty opened flat, but failed to move above 7800 levels and witnessed profit booking towards 7720 levels. However it managed to recover in the last one hour of the trading session and closed near to 7750 levels. Buying interest was seen in defensive sectors like FMCG, IT and Pharma sectors. For the day, it has to hold above 7750 zone to resume its rally towards 7800-7825 levels while on downside immediate support at around 7720 and below that momentum may fizzle out and index may drif... more
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Reco. Pr.: 36; TGT : 60; Hold Period 2-3 mths-
Company is a leading Ductile Iron pipes and cast iron pipe manufacturing company. It also offers turnkey solutions in water transport and sewage management.
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