Daga told CNBC-TV18, "The target on Hyderabad Industries is Rs 750 in the medium term. A longer term target we have around Rs 890 on the stock. I think it's looking very good, some kind of re- rating is expected."
He further added, "See the market is at 200 DMA, its below that, the stock is not even broken the 50 DMA mark, strong volume support, today reclaiming the 50 DMA, I think it's a great bet."
Disclosure: We hold the above stock in our PMS portfolio.
