Buy ACC with target of Rs 1270: Nooresh Mirani

Buy ACC with a target of Rs 1270, says Nooresh Mirani, Head, AMSEC-Analyse India.

Mirani told CNBC-TV18, "Buy ACC with a target price of Rs 1270 and a stop loss placed at Rs 1125. The stock has broken out above its range of Rs 1150 which it has been attempting for the last 3-5 times over the past one year. I expect the stock to do well in the medium to long term as it is a long term breakout. Any dips to Rs 1150 should be a buy.