Sector on the move: Tea and Plantation. Top stocks to buy for long term.
CCL Product is the outperformer in the sector with very strong profitability ratio and very strong Q3 numbers. Stock has moved 30% in 2017 alone.
Long term investors with a view of 2-3 years can enter the stock on dips closer to 300-315. SL 274. Target 480. 2-3 years.
Short term investors can buy on dips towards 325. Target 380. SL 305. 3 months.
Buy Tata Coffee 120-127. Target 160. SL 110. 1 year.
Buy Tata Global Beverages 135-150. Target 180. SL 120. 1 year.
Buy Dhunseri Tea 300-320. Target 380. SL 275. 1 year.
We have recommended Bombay Burmah Trading at 500-550. Stock is trading now above 800.
Mcleod Russel was a buy above 150 for a target of 170 and 185. Now after a strong consolidation for a month. Mcleod Russel has moved 8% breaking 175. Above 180, Mcleod is a buy for a target of 210. SL 153. Mcleod can be bought on dips towards 172-175. 3 months.
Photo by jorge.cancela
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