Bhagwati Banquets: Analysis

Bhagwati Banquets is based out of Gujarat and small hotel player. Initially had brought the stocks after seeing huge purchases by MF's and large volume.

This resulted me in making trade at 52 week high and post trade consolidation. On checking, saw stock being in T2T segment, with wide spreads in bid/ask prices.

Stock moves up/down randomly and there had been no pattern established of movement till date.

Target for this stock as per brokers is 120 levels. This can be reached only when stock will move out of T2T segment.

Strategy: Exit out of this stock but without any loss.
Target: Exit@95+ Levels

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