'Special Picks' with Anil Singhvi: Cochin Shipyard is a 'must' buy, say these analysts-check price targets

Zee Business Managing Editor Anil Singhvi in the 'Special Picks' programme of the channel spoke to market analysts Rakesh Bansal and Kunal Saraogi and sought their stock recommendation on Tuesday. Both analysts strongly recommended Cochin Shipyard for good returns.  

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Talking about this Cochin Shipyard share price, Market analyst Rakesh Bansal said the stock has seen much-awaited breakout and it should not be missed out. He said had this stock been in F&O, one would have chosen it over Axis Bank. He said it’s a big development that it has crossed Rs 400-mark.  

"The most important thing in this rally and breakout is the pattern. This pattern is called cup with handle pattern.  It has formed a very good textbook cup, followed by handle and then came the breakout above Rs 400. One should buy Cochin Shipyard with stoploss of Rs 399 for two targets. First target is Rs 420 and the second one would be Rs 430," said market analyst Kunal Saraogi.

जानिए SPECIAL PICK के तौर पर राकेश बंसल- कुणाल सरावगी ने किस शेयर को चुना खरीदारी के लिए और क्यों?#SpecialPicks @AnilSinghvi_ @iamrakeshbansal @kunalsaraogi pic.twitter.com/wTsRQA1nT7

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Cochin Shipyard gained Rs 21 and was trading around Rs 410, an upside of over 5 per cent, on Tuesday trading session during filing of this report.