Hold Tata Elxsi, stock may test Rs 1800: INA000003197
Rajat Bose of rajatkbose.com told CNBC-TV18, “I am looking at a price range of Rs 1,720-1,800 over the next 12-18 months in Tata Elxsi. Of course, this kind of a price range could be met even within a week. The kind of movement that it can give.”ina000003197
“However, that is a conservative estimate, but definitely a hold,” he added.
“I would say that in State Bank of India immediately you can give a target of something like Rs 315-350 and these have been the two tops over the last several years. The point is that only when State Bank of India (SBI) takes it out beyond Rs 350 you will see a good move otherwise it can remain range bound between say Rs 250 and Rs 320 kind of levels. If Rs 250 were to be broken, then the scenario could change drastically. So, despite the fact that I personally hold this stock, even I would get out below Rs 250, otherwise you can stay put.”Bonaz Capital