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."
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