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Gujarat Ambuja Exports Limited (GAEL) Can Be a Multibagger Stock in Few Months

By Bhaveek Patel Leave a Comment

Gujarat Ambuja Exports Limited is in edible oils & solvent extraction business, we have seen a good numbers (results) from this company. We have a company with strong fundamentals. 12 month trailing EPS at Rs.3.97, also at current market price (CMP) it trades at P/E of 10.18 again shows a undervalued stock.

Today (25-Oct-2010) the stock has hit an 52-week high of Rs.41.50, which gives a positive breakout signal to enter long in this stock.

Our analysis: Enter this stock above Rs.41.50, target for this comes at Rs.56. Place stop loss for this trade at Rs.33.

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Category: Multibagger Tags: midcap stocks/ Multibagger/ Short term Stocks

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

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