Buy Moser Baer With Intra Day Target Of Rs 75
Stock market analyst Anil Singhvi has maintained 'buy' rating on Moser Baer (India) Ltd stock with intra-day target of Rs 75.
According to analyst, the interested investors can buy the stock with stop loss of Rs 65.
The stock of the company, on August 18, closed at Rs 66.45 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 102.30 a low of Rs 55.50 on BSE.
Current EPS is -7.62.
Moser Baer has declared that Blackstone has made an investment of $300 million in its power subsidiary, Moser Baer Projects Private Limited (MBPPL).
The investment by US-based private equity (PE) fund would assist MBPPL in commissioning 5,000 mega watt (Mw) of power generation capacity by the next six years in India and Germany.
Mr. Akhil Gupta, Blacktone chairman said, "Infrastructure development continues to remain one of our key investment themes in India. We look forward to help them replicate their success as a manufacturer of optical media and solar panels in building one of India's leading power companies."
During the last month, Moser Baer India rolled out `Knight` USB Flash Drives in the Indian market.
The `Knight` USB Flash Drives with additional features comes packed with MyZone, LED light amongst others for better experience.