Sterlite Technologies has target of Rs 111: Sukhani

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Sterlite Technologies has target of Rs 111: Sukhani

Sterlite Technologies has target of Rs 111, says Technical Analyst, Sudarshan Sukhani.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about Sterlite Optic See messages about Sterlite Optic Sterlite Techno BSE | NSE 01/06/12 Are Mutual Funds betting on Sterlite Techno?

Sterlite Technologies has target of Rs 111, says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "Sterlite Technologies closed at Rs 107.25. It is a classic case of buy on dip strategy. It went up to Rs 125 and then corrected to Rs 100, it is now moving up again."

He further added, "I expect it to touch the higher levels but I am having a very modest target of Rs 111 for the current trade."

Disclosure: I have no personal holding in the above stock.