Bharat Electronics has target of Rs 1560: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that Bharat Electronics has target of Rs 1560.

Sukhani told CNBC-TV18, "A lot of these midcap stocks are now making those trading ranges and inching upward. So Bharat Electronics has made a trading range and has broken out of it that is okay because the Nifty also made a range at 4900 and broke out. So most of the stock will mimic the broad market but BEL has broken out."
He further added, "There seems to be no reason to think that it cannot go up, it should go up. The only joker in this entire buy list is Nifty itself. We are looking for individual stocks. BEL is a buy and Rs 1560 is a possible short-term target and I think it should work out."