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Lokeshwarri S. K.

It was yet another show-stealing performance last week, with the stock gaining 8 per cent. Our medium-term target of Rs 1,370 was achieved effortlessly.

As the target for the third leg from July lows has been surpassed, the price could now head towards the next medium-term target of Rs 1,611.

The stock has the immediate targets of Rs 1,406 and then Rs 1,478. Hold your long positions with a stop at Rs 1,280. Fresh buying can also be done with the same stop. The medium-term outlook will stay positive till the price stays above Rs 1,250.

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