Results update on Tinplate (CMP 146): Decent Numbers. Hold & Buy on dips. Target 162.
We had given a buy recommendation in Tinplate at 88-90 after Q4 results for a target of 125. We had recommended to book profits in Tinplate near our target price. Now after Q1 results, at 146, Tinplate is near our revised target of 162. We recommend to hold the stock for next 6 months. Book profits on rally towards 180-190. We recommend to buy on dips towards 125-130. SL 115.
Earlier call on Tinplate:
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