Crompton Greaves has target of Rs 175-180: LKP

Crompton Greaves has target of Rs 175-180, says Kunal Bothra, LKP.

Bothra told CNBC-TV18, "Crompton Greaves has taken its own time to form that bottom around Rs 135-136 levels. The last 10-15 days of price action it is trying to break that Rs 160 levels. In fact today it managed to break that Rs 161 but it is trading below that Rs 159 levels again. I think Rs 161-160 is a very crucial level for Crompton Greaves. You might see its start of a fresh short term up move. I am looking at a target of Rs 180-175."