Friday, June 09, 2017

Buy Hathway Cable with Target Rs.55

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Exit: As the GTPL IPO is in Discount it might not come up as of now. It might lead to a low around Rs.32-33 in near term.

Hathway Cable is a promoter in GTPL Hathway and they are coming up with an IPO which will boost Hathway Cable in near term. One should buy the stock with 1-2 month horizon or stay longterm with the same.

Currently the stock is hovering around Rs.40 but the volume might lead in next week and by the June end one can expect the stock to move from this level to Rs.50 level.

Today the stock closed at Rs. 40.35 up 3.33% on NSE with 558999 volume. Today volume incrased and its in hot side. It touched 42 Rs. in early trade and now the momentum will come in next week to lead the stock to another level.

Note: Stock buy and sell is on your decision only. We are doing analysis and sharing the same for the investors. We are not doing any trading in stocks.

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