Anil Manghnani of Modern Shares & Stock Brokers is of the view that one can accumulate Biocon at Rs 439-463 with a stoploss below Rs 439.
Manghnani told CNBC-TV18, "Biocon has already started moving up today so maybe wait for the next fall. Somewhere between Rs 463-439 sort of levels is a good accumulation zone with a stoploss below Rs 439. But I think the upside immediately Rs 487 is very close but if you can hold on a little longer through the month even closer to Rs 510 levels and I think this stock is majorly bottomed out in January at Rs 350 or Rs 300 sort of levels and now looking very positive along with the rest of the pharma sector."
Link to the article: http://www.moneycontrol.com/india/news/stocks-views/accumulate-biocon-at-rs-439-463:-manghnani/341032
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