ADANI PORTS: Manas Jaiswal of manasjaiswal.com told CNBC-TV18, “For last around 7-8 months, Adani Ports and Special Economic Zone was moving sideways in the range of Rs 350 and Rs 300. But, today it broke that range on the upside with higher volumes.
So, I am expecting a sharp upmove. It can test Rs 375 soon. So, one can buy the stock at current level, keep a stop loss below Rs 345.”
At 13:20 hrs Adani Ports and Special Economic Zone was quoting at Rs 356, up Rs 21.30, or 6.36 percent. It has touched a 52-week high of Rs 363.75.
