Orbit Exports (BSE: 512626 CMP:135) may retest 52 week high of 184. SL 120. 6 months.
Stock has good fundamentals and has posted decent set of quarterly results.
Stock had spiked from 125 to 184 and is in technical downtrend since then. Stock looks attractive at 130-135. 120 looks to be a good SL. We have a target of 184 in 6 months.
Time and Target are conservative. We are looking for some real spike in the price. The target maybe hit in 1 month. We have a target of 245 in 18 months.
BSE: 512626|NSE: ORBTEXP