Escorts may move to Rs 345: Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "We do have a positive coverage and if I am not mistaken our target stand at Rs 345 on Escorts. This entire demonetisation has led to a little bit of concern in the near term, but in the long term definitely prospects look very, very bright on fall back of earnings visibility."Escorts ended at Rs 279.65, down Rs 10.15, or 3.50 percent on the BSE.