IFCI has target of Rs 60-65: M Thacker

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IFCI has target of Rs 60-65: M Thacker

Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that IFCI has medium-term target of Rs 60-65.

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ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about IFCI See messages about IFCI IFCI BSE | NSE 28/05/12 Are Mutual Funds betting on IFCI?

Mitesh Thacker , Technical Analyst, miteshthacker.com is of the view that IFCI has medium-term target of Rs 60-65.

Thacker told CNBC-TV18, "I am trying to pick high beta stocks which are broken above their previous high closing and IFCI also falls in the same category. Clearly we are looking a target of around Rs 60-65 over a medium-term. But for the day it could probably test levels of around Rs 58."

Disclosure: We have recommended this stock to our clients.