Thacker told CNBC-TV18, "It's difficult to give a target on Marico primarily because it's entered new territory, it's trading on all time high levels but the trend is very strong, so this stock should do well. If somebody is holding the stock I would advice that the recent lows of around Rs 115 should be use as a good trailing stoploss. The overall strength suggests that probably this stock has another 15-20% at least to go on the higher side, so it would be a good stock but difficult to figure out any particular price point which could be a good reference point."
He further added, "Regarding Balaji Telefilms, we are seeing good action there. I expect that in the short-term the stock price could head towards levels of around Rs 64-65 which is a good supply area. But overall this is a stock which has formed a strong base at levels of around Rs 48-50 and the uptrend once it manages to get pass Rs 65 could be even stronger and head towards previous highs of around Rs 75 to Rs 80 levels."
