Buy Brandhouse Retail To Achieve Intraday Target Of Rs 26

Buy Brandhouse Retail To Achieve Intraday Target Of Rs 26Technical analyst Anil Singhvi has maintained 'buy' rating on Brandhouse Retails Limited stock with an intraday target of Rs 26.

According to analyst, the stock of the company can be bought with a stop loss of Rs 23.50.

The shares of the company, on March 22, closed at Rs 23.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 59.40 and a low of Rs 21 on BSE.

Brandhouse Retails has registered a marginal growth in its standalone net profit for the three month period ended December 2010.

During the period under review, the company's profit grew by 7.32% to Rs 75.51 million as compared to Rs 70.36 million during the corresponding period last year.

The company's net sales during the quarter surged 13.55% to Rs 2,163.05 million.

The total income for the period under review increased 13.55% to Rs 2,163.09 million as against the prior year period.

The company recorded an EPS of Rs 1.41 (a share) during the Oct-Dec quarter.

Brandhouse Retails Limited runs as a fashion retailer in the Indian market. The company is involved in the retail of fashion wear items that comprise textiles, clothes, home fabrics, and fashion accessories.