Peninsula Land can be bought at CMP of 18.75 with minimum target of 21.5 and higher. Stop loss can be placed at 18. The stock had run recently with high volumes and made a high of 23.5. However, during the correction the volumes were low. This indicates that the stock has more chances to go higher than lower.
Peninsula Land Ltd. engages in the business of real estate development. Its projects include residential, commercial or IT parks, and retail. The company was founded in 1997 and is headquartered in Mumbai, India.