Crompton Greaves can go upto Rs 130-140: Doctor

Parag Doctor, Head - Trading Strategies, Keynote Capital is of the view that Crompton Greaves can go upto Rs 130-140.

Doctor told CNBC-TV18, “Crompton Greaves has initial signs of a base building. It is a little early to call but there has been positive divergence on some of the oscillator charts. So, there is a chance that significant long-term low would be made around maybe in Rs 80-85 kind of zone and then a recovery would start. The upside for this stock in the immediate year or so would be in Rs 130-140 kind of zone."