Thursday, 23 August 2018

ADF foods looks good for a year. Stock Price: 250. Target 340.

ADF foods looks good for a year. Stock Price: 250. Target 340.

We have a Fundamental Target of 4 times book of 340. Stock is trading close to 3 times book. We see a strong growth in the stock going forward and a potential upside of 34% in a year.

Technically stock has good support at 220 and resistance close to 260.

Buy ADF Foods above 265. Target 340. 6 months. SL 220. Add on dips towards 240-245.



source https://gale.in/adf-foods-looks-good-for-a-year-stock-price-250-target-340/

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