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TAQA, which is the second largest stock on ADX, is reportedly interested to pick up a stake up to 19.9 per cent in Adani Group firms through a combination of primary infusion into the company and the secondary purchase of shares from promoter family entities.
Zensar Tech shares are up 139 per cent in 2023. The stock climbed 162 per cent from a 52-week low of Rs 202 on December 12, 2022 to a high of Rs 528.95 earlier this week.
The recent rally pushed the stock to a fresh 52-week high of Rs 445 recorded on 17th July 2023. It has rallied more than 10% in a week, and over 60% in the last 3 months. The stock also gave a breakout from a Flag pattern on the weekly charts which has opened room for the stock to head towards 500 levels, suggest experts.
Infosys, Coforge, Mphasis, Persistent Systems and Zensar Tech would announce quarterly results on July 20. For IT firms, June quarter growth is likely to remain weak in line with March quarter despite seasonality, said HSBC.
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