Balrampur Chini has had a surprising breakout today: Mitesh Thacker

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his views on Balrampur Chini.

ET Now: What is your call on Balrampur Chini?

Mitesh Thacker: Balrampur Chini is surprising. I had a neutral view on Balrampur Chini and a negative view on Bajaj and Renuka but Balrampur Chini has broken out.

I was looking at 60 for quite sometime but when the other 2 sugar stocks weakened, I thought Balrampur will just stay sideway. It has given a breakout today. So, 60 is the first price target on the upside.