Tata Investment Corp has target of Rs 598: Thacker

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Tata Investment Corp has target of Rs 598: Thacker

Tata Investment Corporation has target of Rs 598, says Mitesh Thacker, miteshthacker.com.

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Excerpts from Power Breakfast on CNBC-TV18 Watch the full show » ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about Tata Inv Corp See messages about Tata Inv Corp Tata Inv Corp BSE | NSE 31/05/12 Are Mutual Funds betting on Tata Inv Corp?

Tata Investment Corporation has target of Rs 598, says Mitesh Thacker , miteshthacker.com.

Thacker told CNBC-TV18, "Tata Investment Corporation has broken into new 52-week highs and it has gone below the  strong supply areas of Rs 550-555 and has recorded a closing with a strong jump in delivery volumes yesterday. I  believe that the share price is likely to move up further in short-term and for the day I am looking at a price target of  around Rs 598."

Tata Investment Corporation touched its 52 week high Rs 584.95 and 52 week low Rs 426.95 on 11 Aug, 2010 and 07 Sep, 2009,  respectively. Currently, it is trading -2.92% below its 52-week high and 33% above its 52-week low. Market  capitalisation stands at Rs 2,739.14 crore.