Tilaknagar Industries has target of Rs 100: Manghnani

Tilaknagar Industries has target of Rs 100, says Anil Manghnani, Modern Shares & Stock Brokers.

Manghnani told CNBC-TV18, "I am sticking to the theme of midcaps, so my criteria has always been volume in the last month or so. Anything with breakouts on volumes will continue to do well because it suggests that’s where the money is running towards."
He further added, "Tilaknagar Industries is clearly in a breakout, it is already rallied over the last couple of months but I still think there is more upside. I think a medium-term target is about Rs 100 and if you are looking at a stoploss maybe closer to the 20 DMA which is about Rs 70."