CESC has short term target of Rs 340-345: Mohindar

CESC has short term target at around Rs 340-345, says Rahul Mohindar, viratechindia.com.
 
Mohindar told CNBC-TV18, “In the short-term, one probably might see something like CESC go up. Energy is definitely a highlight of this market and extending it a bit further would be CESC.”
 
He further added, “We have seen a good run up on Friday and I think what is important is this stock has been moving between Rs 300 and Rs 340 over the last two-three months. I think once we get through this Rs 340 level, we could look at some kind of a very swift rally moving into Rs 385-390. So that is a bigger perspective. But even on the short-term, I think getting to Rs 340-345 should be fairly easy over the next week or two and finally Rs 380-390 that is where the eyes need to be set on for the next three-six months horizon on CESC.”