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HDIL can give 20-30% returns: Bose

This article was posted on Jul 27, 2009 and is filed under Stock Views

Technical Analyst, Rajat K Bose is of the view that HDIL can give you 20-30% returns over the next three months or even more perhaps.

Bose told CNBC-TV18, “Over the weekend what I have seen is a number of stocks that are suggesting that there could be good momentum in them. Already one of them has moved up i.e. Jindal Saw. That was my best choice, it has already moved up. Maybe bolstered by the kind of results that they have posted. Jindal Saw over a period of time maybe one month to a little more can move up from here by about 90 points. In the morning I would have said Rs 550 and on Jindal Saw the chart pattern suggests that the year end target would be something like Rs 630-650.”

source: Moneycontrol

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