Escorts may touch Rs 180: Jagannadham Thunuguntla

Jagannadham Thunuguntla of SMC Global Securities told CNBC-TV18, "Escorts which has been almost forgotten by the market atleast one and half, two years back has definitely come back into the investors radar thanks to some high profile investors getting into the stock. I think Escorts should see little bit more momentum on the upside. The company has very strong hold on the tractor business, just that it was slightly forgotten by the market. I think now momentum is back into the scheme. I think Rs 180 is very much expected on Escorts."

"Torrent Pharmaceuticals is one of the pharma names added to give a little bit of defensive touch to the overall portfolio, Rs 650 is very much likely on that. Essel Propack is trading around 8 PE multiple. These stocks, once they come into the investors radar, PE multiples anywhere between 14-15 should not be surprising."