Oriental Carbon up 40-50% from reco price. Continue to hold. Target 1750.
We had recommended Oriental Carbon at 970-980 to buy on dips towards 930-950 for a target of 1250, the stock had dipped and reversed near 925. Stock has rallied since then. Stock is near 1400.
We have a fair value of 1512 for the stock. We are expecting a hood numbers in the quarters to come and stock shall rally go 1725. Buy fresh on dips towards 1280-1300. Have SL below 1200.
Call reference to Oriental Carbon: