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B. Krishnakumar

The long-term outlook remains bullish and the stock appears on course to move to the target zone at Rs 1,100-1,150. The short-term outlook is also positive and a move to Rs 920-930 appears likely. Shareholders may remain invested with a stop-loss at Rs 870. Fresh exposures may also be considered at Rs 887-892 range, with a stop-loss at Rs 870. The long-term positive outlook will be in force as long as the stock holds above Rs 848.

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