Sahil Kapoor, AVP - Retail Capital Markets at Edelweiss Financial Services is of the view that Den Networks may go up to Rs 250-255 in the short term.
Sahil Kapoor, AVP - Retail Capital Markets at Edelweiss Financial Services told CNBC-TV18, " Den Networks is an interesting pick. Yesterday the stock moved up to about to Rs 240 and it corrected intraday and today also it was trading closer to Rs 225-226 in the morning. So Rs 222-225 is the range where Den Networks becomes a very good pick. One can keep a stop loss below Rs 221 and Rs 250-255 is a short term target."
On June 4, 2014 Den Networks closed at Rs 227.75, up Rs 1.20, or 0.53 percent.
The share touched its 52-week high Rs 239.15 and 52-week low Rs 110.45 on 03 June, 2014 and 05 December, 2013, respectively.
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