Transport Corporation has target of Rs 121: Anu Jain

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Transport Corporation has target of Rs 121: Anu Jain

Anu Jain of Omniscient Securities is of the view that Transport Corporation has target of Rs 121.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Anu Jain See what other Experts & Brokerages are saying about Transport Corp See messages about Transport Corp Transport Corp BSE | NSE 31/05/12 Are Mutual Funds betting on Transport Corp?

Anu Jain of Omniscient Securities is of the view that Transport Corporation has target of Rs 121.

Jain told CNBC-TV18, "Transport Corporation has moved on a fifty-two week high and basically it has got a very strong resistance at Rs 103. Once it crosses Rs 103, the immediate next target comes up to about Rs 121 and the second one at about Rs 133. The possibility of it giving 25% return is very high with also all the other midcaps moving, there is a good structure and there is a good amount of volume happening in it. So I would say that it is a good move for the next two weeks to hold on to this stock." 

Disclosure: Analyst doesn't hold the above stock.