Alps Industries Ltd. closed strongly at Rs.161.50 with good delivery volumes . Prudential ICICI has acquired 6% stake in the company recently . With Eps of Rs.28 the stock is trading at less than 6 multiple. Alps has procured export orders from a leading US retail chain store .
With punters getting in its a good bet for the short term . Alps looks very strong on technical charts too .
Short term target is Rs.200 , and Long term target is Rs. 310 .
With punters getting in its a good bet for the short term . Alps looks very strong on technical charts too .
Short term target is Rs.200 , and Long term target is Rs. 310 .