IGI Logo

We had released our re-instating coverage report on Alicon Castalloy Ltd. with a Buy rating on July 30, 2019 at Rs.395 for a target price of Rs.657 showcasing an upside of ~66%. Subsequently, the target price was increased to Rs.666 in our Q3 FY20 result update dated February 01, 2020. Since then the stock has made a high of Rs.762 in today’s trade. At current levels, the stock has returned ~92% returns from our initial recommendation. With the recent run-up in the share price, our revised Target Price for the stock is achieved. Thus, we change our rating from BUY to HOLD.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer
Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.
 

Above views are of the author and not of the website kindly read disclaimer