Buy Mahindra Lifespace Developers at a price target of Rs 393.0 and a stop loss at Rs 359.
Updated: Apr 08, 2019, 12.50 PM IST
The current market price of Mahindra Lifespace Developers is Rs 377.50.Mazhar Mohammad
of Chartviewindia.in has a buy call on Mahindra Lifespace Developers with a target price of Rs 393.
The current market price of Mahindra Lifespace Developers is Rs 377.50.
Time period given by the analyst is two weeks when Mahindra Lifespace Developers price can reach the defined target.
Mazhar Mohammad recommended keeping a stop loss at Rs 359.
“After a sharp cut from the highs of Rs 668, this counter appears to have posted a durable bottom around Rs 360 levels. As strong move unfolded last week, this counter appears to be on the verge of a bigger pullback rally from the lows of Rs 360. Hence, positional traders are advised to adopt a two-pronged strategy of buying now and on declines between Rs 370–366 levels. In case a pullback rally materialises, this counter can initially target Rs 393. Stop suggested for the trade is a close below Rs 359,” said Mohammad.
Mahindra Lifespace Developers, incorporated in the year 1999, is a smallcap company (having a market cap of Rs 1,943.31 crore), operating in the construction sector.
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