Radhakishan Damani Keeping his shareholding unchanged in any of his Portfolio Stocks is deemed to be a continuation of his conviction in respect of that scrip. The shares of Mangalam Organics are the latest example. Chemical Stocks Have Given Fresh Breakout Moving Around Recently ₹from 660 ₹780 per share level in last one month.
According to stock market experts, this portfolio stock of Radhakisham Damani has given a fresh breakout on ₹760 and it can go up ₹860 per share level in the short term time horizon.
To advise the stock market investors to keep this stock of Radhakishan Damani going further; Mudit Goyal, Senior Research Analyst, SMC Global Securities said, “The chemical stock has given fresh breakout. ₹760, which is acting as a strong support for the counter as well. Those holding this stock are advised to counter hold for the same ₹860 short term goals.
Can buy this Radhakishan Damani Portfolio stock at current levels or not; Sumeet Bagadia, Executive Director, Choice Broking said, “The stock chart looks positive on the pattern and for immediate short term target one can buy momentum in Chemicals stock at current market price. ₹825 per share level. However, the stop loss must be maintained ₹750 taking this position.” Bagadia said investors can further hold this counter for short term target ₹from 850 ₹860 per share level.
Shares of Mangalam Organics have given great returns in 2021. In the year-to-date time frame, Radhakishan Damani’s portfolio stock has increased by approx. ₹from 414 ₹780 level, a growth of almost 90 percent in 2021. Similarly, in the last six months, this chemical stock has gone up by almost ₹from 530 ₹780 level, is giving returns of around 45 per cent to its shareholders over this period.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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