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The stock has underperformed the frontline indices over the last couple of months. Experts recommend selling the stock the Rs 555-550 zone. The stock can slide to Rs 520 in the short term
Sanghi Industries signed a contract with Ambuja Cements to supply its entire production to Ambuja and ACC at a fixed 10 percent markup over the production cost.
Despite achieving its highest ever quarterly deal pipeline in Q3, the management of LTIMindtree expects a challenging macroeconomic environment and delays in client decision making to remain a drag on its performance in Q4 as well.
Currently, Hudco is on the verge of a consolidation breakout. Shah emphasizes that yesterday, the stock witnessed above-average volume, a sign of accumulation before an actual breakout occurs.
Goldman Sachs maintains a 'buy' call on Polycab India, awaiting more information on the Income Tax department raid. The target price is Rs 5,750, indicating a 33 percent upside