The Indian Market Suffered a huge selling pressure on Wednesdays trading session.Bank nifty also crashed due to the impulsive behaviour of the Indian Stock Market.
Uflex opened on 170 after hitting the lower circuit on the Tuesdays trading session.As of now the stock is lacking the interest of investors,the price is not holding up for Uflex.The stock is in a range of high risks.
It can be the pick for Intraday Traders but not for the Investors.According to the market news,its just a sentimental behaviour of the investors.Uflex is not a Propriertership its a Limited Company,its just one of the employees has done a fault,so not much to worry. To enter into the stock wait for the price range of 135-145 and hold the stock who have buyed it at higher levels.Just wait for the good price for averaging at lower levels.
Its a "HOLD" recommendation
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