Kunal Bothra, Head - Advisory at LKP recommends a buy rating on McLeod Russel with a target price of Rs 199 and a strict stop loss placed at Rs 185. The stock is trading with a P/E of 143.31 and P/B of 1. The stock is looking bullish on the charts.McLeod Russel is a low beta stock (0.91) and is trading well above its 50-day, 100-day and 200-day moving average of Rs 188.50, Rs 173.86 and Rs 171.76, respectively, as per data collated by ETMarkets.com. The stock has gained 10 per cent so far in the calendar year 2016.

Source: Economic Times June 13, 2016 09:17 UTC