Hanung Toys can move to Rs 200-205: Manghnani

Hanung Toys and Textiles can move to Rs 200-205, says Anil Manghnani, Modern Shares & Stock Brokers.

Manghnani told CNBC-TV18, "I am just going digging now for midcaps. I always track the largecap but I feel right now the money is to be made in midcaps. So Hanung Toys is something that I found interesting on the volume front and on the average front. After 18 months or so, it has closed the monthly basis above 15 month average. So I think that will lead some impetus. I feel that overall the volumes last month were significantly higher when you compare the last 12 months or so. It does appear some thing is happening."

He further added, "For Hanung Toys I took out a target of Rs 200-205. If you want a tight stop, it is at Rs 150 but if you are willing to a little more flexible then even Rs 135-140, I know it is a deeper stop but that is the way the market is going where if you can hold on to stocks, they eventually play catch up. So this is one I feel could go out to Rs 200-205 in this move."