BLS International gets buy call - Check target price by brokerage
According to the brokerage house, investors can accumulate the stock in the range of Rs 420-426 and can keep a stop loss of Rs 394.
Tech-enabled service provider BLS International has got a buy cal from Religare Stock Broking. On Thursday, the counter opened at Rs 431.60 on the BSE, marginally lower than the previous close of Rs 433.50.
The BLS International share slipped further to an intraday low of Rs 424.30. It ended the session at Rs 427.05, lower by 1.49 per cent from the previous close.
BLS International Services Limited is the technical pick of the brokerage house.
"After a vertical upward rally, BLS witnessed a correction from record high levels. The consolidation resulted in the formation of a rounding bottom pattern with relatively lower volumes, which denotes a lack of selling pressure. This week, the stock has registered a breakout from the mentioned pattern with supportive momentum suggesting a resumption of the prior up trend," the brokerage firm said.
According to the brokerage house, investors can accumulate the stock in the range of Rs 420-426 and can keep a stop loss of Rs 394.
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