Mundra Port has target of Rs 147.80: Thununguntla

Mundra Port and Special Economic Zone has target of Rs 147.80, says Jagannadham Thununguntla, Head of  Research, SMC Global.

Thununguntla told CNBC-TV18, "Mundra Port and Special Economic Zone has target of Rs 147.80. The stock is  recommended as the company runs India's developer and operator of India's largest and faster growing private sector  port." He further added, "The company has been witnessing the growth in all verticals be it cargo or container volumes. Of  course on crude front there were challenges but considering the Bhatinda refinery revival, one can expect the crude  volumes also to pick up."