Flat Numbers: NOCIL. Hold. Target 222. SL 162. Add on dips 175-180.
Avoid fresh buying. Reason: Numbers are flat. Those who hold can expect a rally in PE from 20 to 24.
Stock has posted a EPS of 2.32. We have a target of 24x Annualised EPS= 222.
Fresh buy can be done near 140-150 if any.
Earlier call on NOCIL: