Stock Market

Buy Lupin, target Rs 945: Jay Thakkar

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Jay Thakkar of Anand Rathi has a buy call on Lupin with a target price of Rs 945. The current market price of Lupin is Rs 898.10. Time period given by the analyst is one month when Lupin price can reach the defined target.

Jay Thakkar recommended keeping a stop loss at Rs 880. "Lupin seems to have formed a sideways channel on the daily charts which is in its wave 4.

The momentum indicators are also in the buy mode on the daily, weekly and the hourly charts.

“So, we recommend buying for the target of Rs 945 with a stop loss of Rs 880,” Jay Thakkar said in a report.

Lupin, incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 40,859.90 Crore) operating in Pharmaceuticals and health care sector.




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