Hold VRL Logistics, may test Rs 450-460: Nooresh Merani

Nooresh Merani of Analyse India told CNBC-TV18, "If we look at VRL Logistics, there is not much of technical data given that it is a new listing. However, overall it has been in a good trend post the IPO. As of now one can keep a stoploss at Rs 350 and hold on and maybe we can look towards a target price of Rs 450-460 levels over the next few months."At 15:23 hrs VRL Logistics was quoting at Rs 375.95, down Rs 13.55, or 3.48 percent on the BSE.