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Neyveli Lignite Delivery Call

Shalini Kakkad 23 November 2007

Neyveli Lignite has gained nearly 16.4% in today’s trade. The stock can be picked up. The stock has been recommended by IndiaBulls research for delivery for short term gains.

The stock was down quite substantially in yesterday’s trading session. As Neyveli Lignite has covered the losses very quickly, the stock looks technically strong for the opening trade in next session.

The range for the day has been 181.15 to 213.25 on National Stock Exchange.

Anil Manghnani of Modern Shares & Stock Brokers has given a target of Rs 225 for the stock. The stock has gained very quickly in recent few weeks, but it is still looking under-valued.

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