Alicon Castalloy Ltd - Rating Changed to HOLD, CMP Rs.82 - INVESt VISTa - Sushil Finance

CHANGE IN RATING

ALICON CASTALLOY LTD. - Rating changed to HOLD, CMP Rs.82

We had recommended BUY rating for Alicon Castalloy at Rs.67 in our Q3 FY14 Result Update (Dated January 28, 2014) with a target price of Rs.82. With the recent rise in the stock price, we change our rating on the stock from BUY to HOLD as the stock hits our target price. The stock has returned 22.4% since our previous update.

We continue to foresee more upside in the stock, therefore we advise our investors to HOLD the stock with a long term horizon.

Source : Equity Bulls

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