Mar 16, 2017 03:49 PM IST | Source: CNBC-TV18

Tata Power may touch Rs 110-112: Rajat Bose

Rajat Bose of feels that Tata Power may touch Rs 110-112.


Rajat Bose of told CNBC-TV18, "In Tata Power for calendar year 2017, maximum by June next year Rs 110-112 should be reached but my advice would be look at the range between Rs 90 and Rs 95. If you find that despite so much of bullishness in the market, if this stock fails to clear that region then switch to some other sector where better returns can be fetched but one advantage of holding Tata Power now is that downside is very limited out here. So as a matter of abundant caution, I would suggest a stoploss of Rs 75 where its 200-day exponential moving average is located."

At 15:29 hrs Tata Power Company was quoting at Rs 86.35, up Rs 1.55, or 1.83 percent.

It has touched a 52-week high of Rs 86.40 on the BSE.
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