Expect CESC to hit Rs 400: Sahil Kapoor

Sahil Kapoor of Edelweiss Securities told CNBC-TV18, "There are a few midcap stocks which are outperforming CNX Midcap to a very large extent and CESC is one of them. If we look at even the peer group, it is performing quite well. So, on a relative strength comparative basis, I think CESC is a very strong contender for the upside."

Kapoor further added, "If I were to look at the chart, in last 1.5-2 years CESC has not been able to breach the band of Rs 345 level. Once CESC goes above Rs 345, there is a very strong likelihood that it is going to go to about Rs 400 level. So on a break and close above this level, we could place a stop loss below Rs 320 and expect CESC to go to Rs 400 and higher levels." Disclosure: All the stocks that we have discussed, we might be advising all these stocks to our clients.