Jul 01, 2010, 09.08 PM | Source: CNBC-TV18
Kopran may cross Rs 50-52, says Mitesh Thacker, Technical Analyst, miteshthacker.com.
Thacker told CNBC-TV18, "I have a buy call on Ranbaxy but I think otherwise this sector has been buzzing very nicely. Kopran has been one which I have been tracking for the time being. I think we have seen very good price action for the last couple of days and here I think the price target which we are looking at is in range of excess of around Rs 50-52."
He further added, "I think that is the short-term target but otherwise if you see I think these stocks have broken out of their trading range, which they have been into for last six-eight months. I think the breakout should give them good momentum in the medium-term also. So after they have had this burst of momentum end, I think again after a small dip, these stocks should do very well."