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Short Term Stock: Buy Orbit Corp. Ltd.(ORBITCORP), Target 109.

By Bhaveek Patel Leave a Comment

This stock has corrected more than 40% since the Housing loan scam. But at current levels this stock is going to attract buying into this counter. As per our analysis we see this stock trading at P/E around 11.3, Book value is at 74.25. Fundamentals of the company remains strong and healthy. The fact for buying this stock is, the assets of the company are worth more than the marketcap of the company at current market price of 86.

Looking at these strong fundamentals we recommend to buy this stock for short term, Enter Buy position around 80 – 84, for target of 109 / 126. Stop loss should be placed near 74 levels.

Definitely good stock to buy, with 23% upside expected.

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Category: Short Term Stocks Tags: Real Estate/ Short term Stock

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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