NOCIL ends just above SL. Revised Target & SL as Result was decent.
Stock was down 8% in trade.
Add NOCIL at CMP. Target 236. SL 171.
Stock shall retest 52 week highs in 3 months. Target is at near 22x recent quarterly EPS.
Stock is technically well placed with a good Risk to reward ratio.
We are bullish on NOCIL since long.
Earlier call on NOCIL: