Max India has target of Rs 190.50: Thununguntla

Max India has target of Rs 190.50, says Jagannadham Thununguntla of SMC Global.

Thununguntla told CNBC-TV18, "Max India has a day target price of Rs 190.50. The stock is doing well in the recent past and in the middle of the momentum and on the back of SEBI takeover guideline, the stock can come to the limelight with players will be grappling to get that 25% limit."