Technical Analyst, Sudarshan Sukhani is of the view that Vakrangee Software has target of Rs 85.
Sukhani told CNBC-TV18, "IT is the flavour of the season, we have seen how midcap IT stocks, largecap are flying all over. Vakrangee has its unique characteristic; last time when it went up, it went through 15 consecutive upper circuits. I am not sure if this is going to happen this time also but the stock has gone consolidated it broke out of that consolidation and its giving us a price target of more than Rs 85. Usually these momentum driven stocks can easily exceed their targets. My targets for today are much more modest but there is momentum behind the stock as well as the sector itself justifies trading in it."
