Pick Coal India at around Rs 360: Kunal Bothra

Written By Unknown on Rabu, 31 Desember 2014 | 16.02

According to Kunal Bothra, Head of Advisory at LKP Securities, one may pick Coal India at around Rs 360.

Kunal Bothra, Head of Advisory at LKP Securities told CNBC-TV18, "For  Coal India Rs 330-340 has been a good base after the strong move when it started in 2014 odd from Rs 200-240 odd levels it retraced. So, in terms of technical you do not see a breach of Rs 330."

He further added, "This could probably find buyers at lower levels not at current levels. If I have to give a buy I would look at buy Coal India just around Rs 360 odd levels because that is where the risk reward becomes lot more favourable for Coal India.

Disclosure: Analyst doesn't have positions in the above stock. But it is possible he may have recommended the same to his clients at LKP as well.


 


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