Buy rates : 620 -660
At a strong time tested support at 620-650 range the stock is in an excellent position to make a move towards the 1000 mark despite a 'disappointing' financial result in the latest quarter.
Some other positive factors
- A low PE ratio compared to the peers
- A reputed management
- Steadily growing business
Since the PE of the market is now over 25, a fundamental buy reco on this stock could be out of place. But still, from a technical point of view and for an individual who would risk a little downside for not missing a rally this could be a good pick.
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