Moser Baer Has Resistance At Rs 70

Moser BaerStock market analyst Mileen Vasudeo has maintained 'hold' rating on Moser Baer Ltd stock with targets of Rs 76-80-88.

The analyst said that the stock has strong resistance at Rs 70.

Mr. Vasudeo added that the strict stop loss for the stock is Rs 60.

Today, the stock of the company opened at Rs 65.60 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 102.30 and a low of Rs 55.50 on BSE.

Current EPS is -7.62.

Country's top electronic maker, Moser Baer India Ltd has decided to introduce USB Flash drives with pre-loaded flicks on them.

According to the company's functionaries, "We plan to launch around 1 lakh units per month of this USB drive which will enable us to capture an additional 4-5 percent of the market share in the solid state media. This launch will be followed by more new exciting offerings in higher end 8 GB and 16 GB drives shortly."

The sources also said that the pre-loaded content can easily be eliminated by users when needed, and the instrument can be used as a regular USB drive.

Moser Baer has rolled out the world's slenderest 8GB USB flash drive in the Indian market.

The newly introduced USB flash drive measures just 29.4 mm x 12.4 mm x 2.3 mm in size and weighs just 1.3 grams.

It features superior 'chip-on-board' technology that allows around 8GB of flash storage to fit into an amazingly small case.