Buy Ashapura Minechem with target of Rs 60 - 80: Prakash Gaba

AshapuraTechnical Analyst Prakash Gaba has suggested buy call for short term for Ashapura Minechem with target of Rs 60. If markets remain positive, the stock can even go upto Rs 80.

Prakash Gaba has suggested a buy call with stop loss of Rs 41 during an interview on CNBC Awaaz.

The stock is trading 10 per cent higher on NSE at 52.35 with high volume of 3.3 lakh shares on NSE and 85 thousand on BSE. The stock has touched 52-week high and low of Rs 171 and 18.50 on NSE.

The company has market capital of Rs 413 crore at current price and share has book value of Rs 29.8.