Mastek has short term target at Rs 136, says Sharma

Mastek has short term target of Rs 136, says Salil Sharma, Technical Analyst, Kapur Sharma & Co.

Sharma told CNBC-TV18, "Mastek has come up from a very long consolidation phase and its managed to breakout above Rs 115 which was very critical and most probably will get a closing above that. So, I would think in the short term Rs 135-136 is possible. But over a period of one quarter even Rs 160 levels are achievable." He further added, "Mastek has touched its 52-week high Rs 128.75 and 52-week low Rs 73.00 on 25 Jul, 2011 and 23 Nov, 2011, respectively. Currently, it is trading -7.61% below its 52-week high and 62.95% above its 52-week low. Market capitalisation stands at Rs 345.98 crore." "As far as Kingfisher Airline goes I think its just a one off kind of a pull back. It is a very weak share, I would suggest people to stay away and if you have the share to exit as long as you can."