Bullish: Varun Breverages. Share price: 768; Target 900; SL 690. 6 months.
Technically the stock is strong above its 50 EMA and 200 EMA. Any dips towards 720-735 is a good buy for a target of 900. Time Frame: 6 months to 1 year. SL 690.
Fundamentally, the stock has good growth in the future and the earnings can be easily seen going up. At 8x book and close to 45x trailing PE, the stocks growth is priced in.
Stock looks strong technically and can be accumulated on monthly basis until target is hit.
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