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Markets ended flat after a recent dip, with selective participation from midcaps. Further consolidation is expected with high volatility due to monthly expiry and US market performance. Recommendations for hedged trades until Nifty resumes the trend
SBI Securities has a target of Rs 651 on the stock, valuing it at 42 times its one-year forward earnings
The NSE Nifty index was trading 173.95 points up at 19558.25
Zen Technologies share price: On technical setup, the counter's 14-day relative strength index (RSI) came at 86.20. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a price-to-earnings (P/E) ratio of 128.87 against a price-to-book (P/B) value of 15.19.
In the Nifty pack, 39 stocks were trading in the green, while 11 stocks were trading in the red.