Hindustan Motors has target of Rs 55-60

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Hindustan Motors has target of Rs 55-60

Technical Analyst, Devang Visaria is of the view that Hindustan Motors has target of Rs 55-60.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Hind Motors See messages about Hind Motors Hind Motors BSE | NSE 28/05/12 Are Mutual Funds betting on Hind Motors?

Technical Analyst, Devang Visaria is of the view that Hindustan Motors has target of Rs 55-60.

Visaria told CNBC-TV18, "We have seen Hindustan Motors trading above Rs 44 levels for the first time since May 2006. We have seen a long consolidation between Rs 32-44 levels. Today's move supported by good volumes and if it close above Rs 44-45 for the next couple of sessions net net you should be positive on the stock and the stock looks good for a target of Rs 55-60 in a couple of weeks time."