Nucleus Software has target of Rs 181, says Prasad Kushe of Equitytrendz.com.
Kushe told CNBC-TV18, "Nucleus Software is in the midcap product space not in the software space even though the name suggests, it's a product company. I like the company and the basic reason for that is I have a time and price target on this stock. It should be rising above Rs 131.5 by around 19th November or 7th December and once this upmove is completed, this breakout rises above Rs 131.50 by around 19th November or latest by 7th December. The upside targets are around Rs 181 and then Rs 233. This has given a breakout, which can last for the next six months or even more than that. It is relatively undervalued compared to the other frontline stocks which have moved up."
Disclosure: I have recommended the above stock and I and my clients do have trading positions in the above stock.
