Stock Analysis, IPO, Mutual Funds, Bonds & More

Buy Hindustan Construction Company, target Rs 58: Yes Securities

Buy Hindustan Construction Company Ltd. at a price target of Rs 58.0 and a stop loss at Rs 36 from entry point.

Last Updated: Jan 25, 2018, 07.51 AM IST
Yes Securities has a buy call on Hindustan Construction Company with a target price of Rs 58.

The current market price of Hindustan Construction Company is Rs 40.45.

Time period given by the analyst is 'Short Term' when Hindustan Construction Company price can reach defined target.

Yes Securities recommended to keep a stop loss at Rs 36.

In a report, the brokerage firm said, "Hindustan Construction Company is on the verge of a breakout from the neckline of an Ascending Triangle pattern on the weekly chart suggesting bull trend reversal on cards. Neckline of the pattern is placed at 48; a sustained trade above the neckline with healthy volumes may take it to levels of 53-58. On the daily chart, the stocks has broken out from a Flag pattern after taking support at the 50 per cent Fibonacci retracement level affirming the bullishness."

Also Read

Yes Securities maintains ‘buy’ on Ashok Leyland, target price Rs 100

Yes Securities maintains buy on Birla Corporation, target price Rs 990

Copper prices breach new high in Dec: YES Securities

Yes Securities maintains buy on Sadbhav Engineering, target price Rs 168

Yes Securities upgrades KNR Constructions to buy, target price Rs 293

Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links

Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service