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Lokeshwarri S. K.

We had expected a range bound move between Rs 2,000 and Rs 2,155 last week. The stock moved as per our expectation, hitting an intra-week high of Rs 2,150 and low of Rs 2,060. This quiet consolidation phase, coming after the exhilarating run seen in October, is conducive to the longevity of the uptrend in this stock. Our view on this stock remains positive for the medium term till the price stays above Rs 2,000. Traders can buy on dips with a stop at Rs 2,000. The medium-term target stays at Rs 2,216 and then Rs 2,255.

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