Buy HBL Power Systems, Rana Sugars shares, recommends Ventura Securities

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SME Times News Bureau | 25 Apr, 2022
Stock broking firm Ventura Securities has given a "buy" call for HBL Power Systems and Rana Sugars shares.

For HBL Power Systems, the target price is kept at Rs 100-135 with a stop loss of Rs 57, against its current market price of Rs 84.

Key indicators suggest a possibility of strong up move on positive side, it said.

For Rana Sugars, it pegged target at Rs 75 with a stop loss of Rs 30, against its current share price of Rs 40.6.

"The stock price started its upward move from Rs 2.60 (May 2020) to 38.30 (July 2021), making a series of higher bottoms and higher tops. There was huge volume support in the uptrend from Jan 21 to July 21," it said.