Buy Tech Mahindra
Buy Tech Mahindra above Rs 993; target Rs 1050
"In Tech Mahindra
we are looking at an upmove. The reason being that I am quite bullish
on the dollar so I would expect that the rupee will depreciate going
forward. The charts of Tech Mahindra in the IT space offers the best
opportunity to play this move from an equity perspective. So in case of
Tech Mahindra I would look at buying above Rs 993. The stop loss would
be at Rs 970. Rs 1050 is a decent target in the stock.
The share closed at Rs 975.00, down Rs 7.40, or 0.75 percent. It touched an intraday high of Rs 990.00 and an intraday low of Rs 968.55. There were pending sell orders of 133 shares, with no buyers available.
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Natco Pharma’s board of directors or committee of directors, may at its discretion, offer a discount of more than 5% on the QIP floor price.
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