Hence, we recommend buying this stock at current levels for a target of Rs 530 over the next 14-21 sessions. The stop loss now should be fixed at Rs 493,” said Chavan.This stock has been a laggard since last few months. The hurdle at Rs 395 was crossed with sizable volume, indicating strong buying interest on the counter. In the past few days open interest build up was witnessed while stock has resumed its uptrend. Buying can be initiated at CMP and added in dips to Rs 375 for the upside target of Rs 440 over the next 2-3 weeks.

Source: Economic Times September 19, 2017 05:37 UTC