Opto Circuits has target of Rs 150-153: Sukhani

Opto Circuits has target of Rs 150-153, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Opto Circuit has been falling after the news came in and the small rallies are bear market rallies, there is nothing in it. Opto Circuit suggests a double digit and I said that last week also and yesterday we had new lows, so there is a sense that it’s going down. My targets are Rs 150-153 for the current decline, for a day or two but that’s not likely to stop there."

He further added, "Educomp Solutions will not be any more in the list. Once it falls so low that it won’t be worth looking at. It’s likely to go into double digits and there is some momentum on the downside, so if it is going down there is still 20-30% of gains to be made at current market prices."

Disclosure: I have no personal holdings in the above stocks.
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