BSE Code: | NSE Code: | ISIN: | Sector:

NSE
1683.90
Change Change %
-7.95 -0.47%

Updated:23 Oct, 2017, 15:54 PM IST

BSE
1683.50
Change Change %
-9.30 -0.55%

Updated:23 Oct, 2017, 15:44 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Kotak
N/A
19-09-2017 Buy 1266.15 1486.00
N/A
Target Hit Long (1Y)
19-09-2018

Kotak maintains buy on Bombay Burmah Trading Corporation

The stock price of Bombay Burmah Trading Corporation Limited (BBTC) in Friday's trade breached our short term target price of Rs.1,130 to close at Rs.1,239. Though the stock has moved up by 41% from our initiation price within a short span of time, we continue to recommend a BUY on the stock with another 6 to 12 months investment perspective with a revised target price of Rs.1,486. Even after this impressive run-up, the valuation discount to its investment in Britannia stands at 67% at the current market price. However, the average of holding companies (HCs) discount stands at around 50% only.

Market Data provided by © Accord Fintech. © Copyright NDTV Convergence Limited 2017. All rights reserved.