COMPANY NAME- GUJARAT NRE Coke

RECOMMENDATION – BUY
PRICE TARGET -95

COMPANY BASIC INFORMATION

ISIN Id – INE110D01013
BSE Id – 512579
NSE Id – GUJNRECOKE
INDUSTRY Pharmaceuticals
Market Cap – 3,484.28
Book Value – 23.97
EPS (TTM) -
Price/Book 3.02
Face Value 10.00
P/E -
Div(%) – 10.00
Industry P/E – 23.58
P/C -
Div Yield (%) – 1.38

STOCK PRICE HISTORY( NSE)

All Time High – 236.5
All Time Low – 16.80
52 Week High – 97.90
52 Week Low – 16.80

DAILY CHART:

Recommendation-

The stock rallied very sharply after a breakout from Kilroy Bottom pattern in December 2009 and met the minimum price objective of the breakout. It found resistance at the return line and went under an intermediate correction to the neckline of the previous breakout. The stock is now at its support levels of the current up trend channel. The RSI has also formed a Double Bottom pattern. We therefore reiterate a Buy on the Stock at current levels with stop loss below 60 for target of 95 in 2-3 months time.