Technical Analyst, Rajat K Bose is of the view that Welspun Gujarat Stahl Roh has target of Rs 264.
Bose told, "Welspun Gujarat is in the business of manufacturing and selling submerged arc welded pipes and they are quite technologically advanced and currently the order book is also full. Technically, the stock looks pretty good and in fact my understanding is that the stock is being re-rated and as of now you can put a stoploss below Rs 220 with a short term target of Rs 264 and those who are willing to hold it for the medium term, they can look at a price of around Rs 320-330. This company is currently doing very well in that submerged arc welded pipe space."
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