Zuari Industries has target of Rs 840: Thacker

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Zuari Industries has target of Rs 840: Thacker

Zuari Industries has target of Rs 840, 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 Zuari Inds See messages about Zuari Inds Zuari Inds BSE | NSE 21/02/12 Are Mutual Funds betting on Zuari Inds?

Zuari Industries has target of Rs 840, says Mitesh Thacker , miteshthacker.com.

Thacker told CNBC-TV18, "Zuari Industries has broken out of a long consolidation of about one and a half to two months. The stock price was moving in a narrow range of around Rs 750 on the higher side and Rs 680 on the lower side."

He further added, "We saw a very strong breakout yesterday, the stock was up about 10% and it will probably do even better in the next few days. I expect in the short-term the stock could probably head towards Rs 950 to even Rs 1,000 levels. I have bought it with a day price target of Rs 840."