B Krishnakumar bullish on Mcleod Russel

B Krishnakumar of Fundsindia.com told CNBC-TV18, "We are bullish on Mcleod Russel (India). The stoploss will be at Rs 244 and we are looking for a target of Rs 280."

At 14:42 hrs Mcleod Russel (India) was quoting at Rs 257.40, up Rs 2.75, or 1.08 percent. It has touched an intraday high of Rs 259.20 and an intraday low of Rs 252.50.

The share touched its 52-week high Rs 386.95 and 52-week low Rs 240.35 on 22 February, 2013 and 20 August, 2013, respectively. Currently, it is trading 33.48 percent below its 52-week high and 7.09 percent above its 52-week low. Market capitalisation stands at Rs 2,817.39 crore.