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Veena Venugopal

The HMT counter has been seeing action as brokerages are viewing the scrip as undervalued at its current level. Though clients are being asked to keep stop losses between Rs 78 and Rs 80, they are predicting short-term upside in the scrip. The scrip touched an intra-day high of Rs 83.45, before ending trade at Rs 80.15. The scrip has appreciated close to 4 per cent on Tuesday's trade.

Over 7 lakh shares were traded at this counter on Tuesday at the Bombay Stock Exchange. On the National Stock Exchange, the scrip ended trade at Rs 79.90 with very robust volumes; Over 17 lakh shares exchanged hands . A brokerage with a very large retail base has been recommending the scrip, leading to the higher volumes, say dealers. They have currently given an upside of 6-10 per cent on the scrip.

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