Abu Dhabi Investment Authority bought a stake in this export stock.Experts give a “buy” label

The Abu Dhabi government-owned Global Investment Fund bought the shares in a block trade, which was executed on September 30, 2022.

according to stock market Shares of Gokaldas Exports could rise to rupee500 levels within the next 5-6 months.They recommend buying the stock at current levels and continuing to add until the stock trades above rupee320 per share level.The market expert went on to add that once the Gokaldas Exports share price breaks out technically, the share price could rise sharply rupee382 per level.

Anuj Gupta, vice president of research at IIFL Securities, said of Gokaldas Exports’ share price outlook: “The share price of Gokaldas Exports is in rupee318 to rupee390. Those who want to buy this stock in the short-term, it is recommended to maintain a strict stop loss at rupee318 and book profits around higher levels. “

Announcing the investment strategy for Gokaldas Exports shares, Manoj Dalmia, founder and director of Proficient Equities, said: “Those who are ready to take risks can buy shares at current levels and stay below rupee320 per level.In the near term, the stock could rise to rupee385 and rupee417 per level.However, for those who want to be on the safe side, my advice is to buy the above rupee382 as the stock is expected to give a technical breakout on a chart pattern at this level and could become extremely bullish after a close above rupeeLevel 382.Therefore, investors with low risk appetite can buy this stock as a medium-term target rupee470 to rupee500 per level. “

Proficient Equities’ Manoj Dalmia went on to add that the counter should not be held once the share price rises rupee500 levels as there is likely to be a sharp sell-off in the counters after the levels we witnessed after the June 2022 peak.

Disclaimer: The opinions and recommendations above are those of an individual analyst or brokerage firm and not those of Mint.