Sun Pharma has target of Rs 720-730: Anu Jain

Sun Pharmaceutical Industries has target of Rs 720-730, says Anu Jain, Senior VP, IIFL Private Wealth Management.

Jain told CNBC-TV18, "Technically Sun Pharmaceutical Industries has been making new highs. The 10 day average is now at Rs 664 where it is close on Rs 675. I think there is greater than 80-85% possibility that over the next one month you are going to see traction towards Rs 720-730."
She further added, "In the short term closer to Rs 664 is a good point to pick up. Your stop loss should be Rs 658 and for a shorter period I am looking at Rs 690 which was a previous high as a small resistance. But if it crosses that you will see up to Rs 720-730 as the target. This is more a swing call rather than a 1-2 day call."