Orbit Corporation has target of Rs 71-73, says Anil Manghnani, Modern Shares & Stock Brokers.
Manghnani told CNBC-TV18, "Orbit Corp is a little risky, I am not a big trader in real estate but I think recently the volumes have been good in most of the real estates.”
He further added, “There is one stock called Prestige Estates again not one that I follow but I keep seeing it up, so I looked at the chart. I think both of them look interesting from a medium term perspective. For Orbit the next target if it held on, if the market was stable could be closer in the range of somewhere Rs 71-73."
Orbit Corporation touched its 52-week high Rs 68.90 and 52-week low Rs 25.00 on 22 February, 2012 and 20 December, 2011, respectively. Currently, it is trading 18% below its 52-week high and 126% above its 52-week low. Market capitalisation stands at Rs 643.88 crore.
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