GSPL has target of Rs 62-63: M Thacker

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about Guj State Petro See messages about Guj State Petro Guj State Petro BSE | NSE 13/02/12 Are Mutual Funds betting on Guj State Petro?

Mitesh Thacker , Technical Analyst, miteshthacker.com is of the view that Gujarat State Petronet , GSPL has short term target of Rs 62-63.

Thacker told CNBC-TV18, "GSPL did very well yesterday. I think that is one stock which is holding out very nicely and you will see good outperformance emerging from the stock over the next few weeks. The immediate short term target is at Rs 62-63. I would not be surprised if the stock eventually moves to this target of Rs 70 also if you take a 5-6 weeks perspective."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.