Stock of the day : Granules India Ltd. For Target Rs.454 - Religare Broking
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Granules India Ltd.
* We are seeing decent traction in the midcap pharma stocks and GRANULES is expected to witness fresh upward momentum.
* The stock has been in a corrective phase after hitting record high levels with relatively lower volumes.
* Stock has registered a breakout from the falling resistance trendline with supportive volumes suggests potential shift in trend.
* Traders can consider fresh longs in the mentioned range.
Buy Granules India Ltd. CMP 426.80 Range 425-428 SL 415; Target 454.
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SEBI Registration number is INZ000174330
