Tata metaliks gearing up for a 15-20 upside in next 1-2 qtes
Stock has shown good consolidation from last 1 ulyrs and made a base of 725-50. With book value of 500 it's a good buy at these levels also valuation have correct to a reasonable levels. With higher high formation and RSI trending up good buying levels or buy on dips near 770-80 if it comes will be a good approach. Targets will be 900 likely in a qtr. Thereafter 1000-1150 in an yr.