Maytas Infra has target of Rs 234: Thacker

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Maytas Infra has target of Rs 234: Thacker

Maytas Infra has target of Rs 234, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

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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 Maytas Infra See messages about Maytas Infra ILandFS Engg BSE | NSE 30/05/12 Are Mutual Funds betting on ILandFS Engg?

Maytas Infra has target of Rs 234, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "Maytas Infra - very interesting chart. With today's price movement and strong volume jump, I think very clearly the stock price is looking like it has triggered some kind of an uptrend. In the short-term, this stock would advance higher. I would look for probably trading targets in the range of about Rs 225 or even Rs 234."

The company touched its 52 week high Rs 253.40 and 52 week low Rs 159.90 on 21 Jun, 2010 and 05 Feb, 2010, respectively. Currently, it is trading -18.15% below its 52-week high and 29.71% above its 52-week low. Market capitalisation stands at Rs 1,541.19 crore.