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Goldman Sachs maintained a buy rating on Container Corp but raised the target price to Rs 850 from Rs 750 earlier. The global investment bank expects a steady Q3 despite the busy season surcharge. It expects an 8% growth in volume for the quarter, and margins to be lower.
The breakout has opened room for the stock to head towards Rs 900 levels in the next 3-4 weeks, suggest experts. Short-term traders can look to buy the stock now or on marginal dips as the stock is likely to continue its winning run, they say.
Stocks to watch: Shares of firms like Tata Steel, Vedanta, Zomato, Tata Motors, Bharat Forge, and others will be in focus on Friday's trade.
Japan's Softbank is likely to sell $135 million worth of stake in food delivery company Zomato through a block deal, according to news reports.
Nifty 50 index ended with 36.5 points or 0.17 per cent decline to 20,90, while Sensex settled at 69,521 levels, , stock market, nifty, sensex, adani port, bharti airtel, paytm, national stock exchange, retail investors, Intraday