Tuesday, 8 September 2009

Buy Rei Agro with stoploss of Rs 46: Gujral

One can buy Rei Agro with stoploss of Rs 46, says Technical Analyst, Ashwani Gujral.

Gujral told CNBC-TV18, "REI Agro is at a great price to buy because all the drought concerns everything has now discounted. At Rs 99 that was a sell price, I doubt whether that will come. If one can buy now the current purchase will yield profit, the stop loss is quite close around Rs 46. It could get to targets of Rs 62 and Rs 69. All these people who like to call themselves investors, you need to buy at good price to be an investor. You don’t buy stocks which are in frenzied mode and then hold on for three years thinking you are an investor. So people need to be careful when they buy stock."

Source: MoneyControl

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