ICICIdirect recommends 'Buy' Gujarat Pipavav Port in the range of Rs 147.50-144 for a target price of Rs 182 with a stop loss below Rs 133 on a closing basis.

Commenting on the investment rationale, the stock broker said, "The share price of Gujarat Pipavav Port is in a secular bull trend as exhibited by rising peaks and troughs on all time interval charts. The stock is seen resolving higher out of a  month long consolidation range and offers fresh entry opportunity to ride the next up leg."

"We believe the stock is likely to head towards Rs 184 being price parity of current up leg from consolidation lows of Rs 142 with preceding rally (112-154=42 points) and offers a favourable reward-risk set up," it said.

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