Mundra Port can add another 8-10%: Rahul Mohinder

Rahul Mohinder, Technical Analyst at viratechindia.com feels that Mundra Port can add another 8-10% on upside.

Mohinder told CNBC-TV18, "Mundra Port showed very strong outperformance in the short-term. Rs 155-159 is the zone where I would like to accumulate the stock - Rs 174 being a short-term target. One would have noticed that the stock is breaking out of a 6 months range that it had made. So the level that we are at above Rs 155 is marking a strong accumulation that we are breaking out from. So short-term the stock can add another 8-10% and I would put a buy on it."