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| Marg Ltd (530543) |
When the market is in a confused state with a negative bias and fund managers are expecting correction in the range of 5-10%, stocks like MARG Ltd (530543) are offering more than 20% upside potential. at CMP of 205. MARG Ltd is one of the India’s fastest growing EPC and Infrastructure development companies established in 1994 and headquartered in Chennai. MARG has interests in Infrastructure Development with presence in diverse sectors such as ports, ship repair yards, dredging, marine logistics, special economic zones (SEZs), airports, power and multi-level car parks. MARG's real estate business constitutes commercial spaces like malls, serviced apartments, hotels and residential spaces including villas, row houses and affordable homes. Counter has witnessed an increase in volume activity in last couple of sessions and after consolidation for 8-9 months has come out of the trading range of 150-215. Stock has bounced back from its 50 DMA and on MACD chart stock is trading in positive space. Buy stock with a target price of Rs 250.
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