Orbit Corporation has next target of Rs 450: Ashwani Gujral

Orbit CorporationTechnical Analyst, Ashwani Gujral has suggested a secure level for Orbit Corporation at Rs 450.

He is fully confident that the stock will touch this level in near future. So he has suggested the investors to hold up the stock to make a good profit. It is also important to watch every moment of the stock. Don’t worry, if the stock goes below its existing level.

Gujral told, "Orbit Corporation is out performing its own real estate sector. Its got support around Rs 336 and the next target here could be Rs 450. But the important thing is that, it's one of the lone movers so people need to book profits at some point because it will have to fall in line with the sector’s overall movement."

Orbit International, Corp. is the parent company of both the Orbit Electronics Group and the Orbit Power Group. Orbit companies have been trusted upon to plan and make subsystems and main components for key contractors, government procurement companies (both foreign and domestic), and R&D laboratories globally since 1957.