Current Market Price ----------- Rs 332.85
Target Price -------------------- Rs 347
The stock may have seen a selling climax due to the intensifying competition, which has lead to a tariff war among existing service providers. the stock fell on sustained hammering from Rs 440. there was volume multiplication without a further fall. this suggest all potential selling has been absorbed. keep a stop at Rs 310 and go long since it could bounce till Rs 345.
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