CESC may test Rs 480-485: Ashish Chaturmohta

Jan 14, 2014, 02.25 PM IST

Ashish Chaturmohta of Fortune Equity Broker is of the view that CESC may touch Rs 480-485.

Tags Ashish Chaturmohta, Fortune Equity Broker, CESC

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Ashish Chaturmohta of Fortune Equity Broker is of the view that CESC may touch Rs 480-485.

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CESC may test Rs 480-485: Ashish Chaturmohta

Ashish Chaturmohta of Fortune Equity Broker is of the view that CESC may touch Rs 480-485.

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Ashish Chaturmohta of Fortune Equity Broker told CNBC-TV18, " CESC in the last couple of trading sessions have witnessed a build up of almost 10-12 percent and the stock is not ready to breach below Rs 435-440 mark. So, this is one stock where there is a strong possibility that we may see upmove towards Rs 480-485 levels."

At 14:19 hrs CESC was quoting at Rs 458.60, up Rs 14.10, or 3.17 percent. It has touched an intraday high of Rs 460.40 and an intraday low of Rs 446.

The share touched its 52-week high Rs 491.70 and 52-week low Rs 255 on 07 January, 2014 and 04 March, 2013, respectively. Currently, it is trading 5.21 percent below its 52-week high and 82.78 percent above its 52-week low. Market capitalisation stands at Rs 9,322 crore.

Disclosure: He does not have any personal holding in the stock.

Bergaya Sehat