Patel Engineering can go up to Rs 175-178: Angel Broking

Shardul Kulkarni of Angel Broking feels that Patel Engineering can go up to Rs 175-178 in next 10-12 trading sessions.

Kulkarni told CNBC-TV18, "We would be recommending Patel Engineering. We have seen a very strong surge in volumes in Patel Engineering as well as the chart structure is quite positive. You are clearly seeing the stock has consolidated with the past 6-7 trading sessions and is now giving a breakout above the levels of Rs 160. A stock can be purchased within levels of Rs 160-155. Stoploss should be at Rs 149. We look at a target price of Rs 175-178 levels in next 10-12 trading sessions."