HINDUSTAN NATIONAL GLASS has moved up so nicely. From 220, it touched its 52 week high of 278 today. This one will also reach its target (see below)…one may add more on dips. Sell 50% on reaching 1st target. I am adding a 2nd target of 315, to be achieved by June 2011. That will give you a gain of 43% in 10 months…what more can we ask for?
On Mon, Aug 30, 2010 at 10:42 AM, POWERFULPICKS wrote:
powerfulpicks LONG TERM call: Buy HINDUSTAN NATIONAL GLASS near to 220 for a long term [12-month] target of 290 (32%).
Low P/E, market leader in its segment, boom in the local liquor, pharma and food and beverages sector will drive this stock. The stock actually should be held for a longer term with 2-3 year investment horizon, since their 35% capex will complete in next financial year and much higher prices than 290 can be achieved.
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