Ace investor Sachin Bansal ups stake in this tyre stock during Q3
The consensus estimate for the stock is "hold". JK Tyre has an average target price of Rs 177.67, which represents a downside of -2.06% from the current levels. On Thursday, the scrip was down about 0.38% to last trade at Rs 181.40 on the NSE.
Buy West Coast Paper Mills, target price Rs 735: Axis Securities
West Coast Paper Mills Ltd., incorporated in the year 1955, is a Small Cap company (having a market cap of Rs 4293.18 Crore) operating in Paper sector.
Hot Stocks | Garden Reach Shipbuilders, Hindustan Foods, West Coast Paper Mills may deliver 20-26% return in short term. Here's why
West Coast Paper Mills is looking lucrative on technical fronts. It is bouncing back from around a 50 percent retracement of the previous rally. It is trading above its all-important moving averages in a long consolidation formation.
Hot Stocks | Double-digit return likely from West Coast Paper, Aegis Logistics, JK Cement in short term. Here's why
JK Cement is witnessing a smart bounceback with a rounding bottom formation and it managed to close above its 100-DMA. On the upside, Rs 2,500 is an immediate hurdle. Above this, we can expect a move towards its 200-DMA.
Stock has formed rising wedge pattern on weekly chart. Resistance breakout above range 274-288 bring stock upside upto 360-390+ in coming trading session with the help of 228 as a support.
Disclaimer: Above provided view & recommendation is posted for ed......read more