Rico Auto Buy Call
Rico auto has gained around 4.8% up till now, in today’s trading session. The stock can be picked up. The stock has been recommended by stock analyst Rajat K Bose for intraday trading.
It is good for investors to purchase the stock around Rs 42, if the stock falls, otherwise grasp it between Rs 43-44, to achieve an intraday target above Rs 48.
The maximum target for the day is Rs 51, and the investors have a stop loss at Rs 39.80.
Rico Auto, an auto ancillary company, is a fundamentally strong company in the sector. The company's overseas venture has started contributing to the bottom line. The company is also undergoing capacity expansion for its various product lines. This stock has a great story ahead and is poised to multiply fast.
Rico is a world-class engineering company supplying a huge variety of high precision fully machined aluminum and ferrous components and assemblies to automotive OEMs across the globe.