Hotel Leela can head upto Rs 42-43: Mohindar

Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rahul Mohindar See what other Experts & Brokerages are saying about Hotel Leela See messages about Hotel Leela Hotel Leela BSE | NSE 10/02/12 Are Mutual Funds betting on Hotel Leela?

Hotel Leela Venture can head upto Rs 42-43, says Rahul Mohindar of Viratechindia.com.

Mohindar told CNBC-TV18, "Tyre stocks look a little extended in terms of the rally. Whatever targets I would have probably put out on a stock like MRF or Apollo Tyres , they seem to have shot out well pass."

He further added, "Hotel Leela, above Rs 35 does seem to be breaking out. It has been in resistance for the last couple of months, but once we take that out maybe Rs 42-43 is a level that we could achieve on the stock."

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