Crompton Greaves has target of Rs 225-220: Thukral

Crompton Greaves has target of Rs 225-220, says Hemant Thukral of Asian Markets Securities.

Thukral told CNBC-TV18, "Crompton Greaves has added huge short positions. I have never seen Crompton Greaves adding 80% in open interest. Obviously the percentage seems to be on the higher side because the base is very less. But even the delivery based selling was 70 lakh shares marked as deliveries. So overall I think capital goods on Crompton Greaves still I think there is further weakness, which you can expect."

He further added, "We have a target of Rs 225-220 on it, which will see another 5-6%. But I don