What is the outlook for UTI Bank?
Jyothi, K. Peter UTI Bank (Rs 74.8): The overall outlook for the stock is positive. Investors with a long-term perspective could remain invested as there is significant upside potential from current levels. However, in the short-term, a drop to the Rs 60-63 range is not ruled out. This, however, does not negate the long-term positive outlook. Very conservative investors could remain invested with a stop loss at Rs 70. I bought Alembic at Rs 386 and IPCA Labs at Rs 533. Both the stock prices have fallen very sharply. What is the outlook of these stocks and what should be my strategy? A. Jayakrishnan Alembic (Rs 339.5): The stock has been on a downtrend in the recent weeks. A move to the Rs 410-420 range appears likely once the downtrend gets completed. There is no need to sell the shares at current levels. Remain invested with a stop loss at Rs 300. A trailing stop loss could be used once the price moves past your break-even price of Rs 386. IPCA Labs (Rs 490): Though the overall outloo
