Torrent Pharma may touch Rs 680 levels: Bothra

Bothra told CNBC TV18, “The stock for the day is Torrent Pharma. I am looking at a price target of Rs 680. This stock had witnessed a very strong run from close to Rs 450 odd levels to Rs 500 odd levels to Rs 600 odd levels. And last few weeks it has witnessed a minor correction, but yesterday it managed to bounce back very sharply. It is now trading very close to its weekly last 3 weeks high of around that Rs 660-670 mark.”

He further added, “The stock has a capacity and has a probably a momentum that it can cross the previous high very easily. Volume accumulation in the entire consolidation has been very strong which probably suggests and the stock will continue to move on the upside and target of Rs 680 is on Torrent Pharma.”