DCB has target of Rs 139

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DCB has target of Rs 139

MK Srivatsan of Darashaw & Company is of the view that DCB has target of Rs 139.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by MK Srivatsan See what other Experts & Brokerages are saying about DCB See messages about DCB DCB BSE | NSE 28/05/12 Are Mutual Funds betting on DCB?

MK Srivatsan of Darashaw & Company is of the view that DCB has target of Rs 139.

Srivatsan told CNBC-TV18, "DCB has been doing well for quite some time and today also it seems to moved up quite smartly. Based on some key fibonacci ratio and recent lows, I would say about Rs 110 one should stay invested. But if it breaks Rs 110 one should consider definitely taking some profits and you could look at about Rs 139 as a potential upside target."