Rural Electrification Corp may test Rs 350: Chandan Taparia

Written By Unknown on Kamis, 01 Januari 2015 | 16.02

Chandan Taparia of Anand Rathi feels that Rural Electrification Corporation may test Rs 350.

Chandan Taparia of Anand Rathi told CNBC-TV18, " Rural Electrification Corporation (REC) is consolidating from last 3 trading session but holding above Rs 332 zone. Although volumes are very less, inline with the market but overall the structure and the sentiment is positive in the counter."

He further added, "We have seen roll over of near to the 80 percent and now fresh delivery volume indicating that this strong momentum can move to higher side which can drag it to Rs 350 levels. So, here we are suggesting keep the stoploss near to Rs 332 and trade for the upside target of Rs 350."


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