KPIT Cummins has target of Rs 207: Nooresh Mirani

KPIT Cummins has target of Rs 207, says Nooresh Mirani of AMSEC Research.

Mirani told CNBC-TV18, "KPIT Cummins has made a huge cup and handle over the last 3-4 years. The previous stop in 2007 was around Rs 180-183 levels. In 2010 it made a high of about Rs 193. In the last few months it has made 3-4 attempts around the resistance zone of Rs 185 and finally for the last couple of days it has closed above Rs 185 levels. This gives us a clean breakout range which will give us a target of Rs 220 plus in the medium-term and an intraday target of Rs 207."