Stock of the day : Granules India Ltd For Target Rs. 450 - Religare Broking
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Granules India Ltd
* Granules has been in steady uptrend from last more than four months, forming series of higher highs and lows.
* It registered a breakout from basing pattern holding above its short term moving average.
* Price action coupled with buoyancy in the pharma sector suggests bullish tone to continue.
* We thus recommend creating fresh longs in the mentioned range.
BUY Granules India Ltd CMP 427.95; Range 426-428; SL 417; Target 450
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SEBI Registration number is INZ000174330
