Max India has target of Rs 220-240: Sanjeev Agarwal

Max India has target of Rs 220-240, says Sanjeev Agarwal, Dynamix Research & Cap Mgmt.

Agarwal told CNBC-TV18, "Max India has been showing a very good accumulation pattern for the first few months. There has been a very strong breakout above Rs 185. So once it crosses Rs 185 with good volume, we will buy it with stop loss of Rs 167 on a closing basis. The target seems to be Rs 220-240 range. That is a range where we should be booking our profits from the stock."