Investors with a short-term horizon can buy the stock at current levels. The stock has been in a medium-term uptrend since recording a 52-week low at ₹147.2 in late March this year.

With the breaking out of key resistance at ₹235, the stock appears to have resumed the up move.

The short-term outlook is bullish. It has the potential to trend upwards and reach the price targets of ₹256 and ₹261 in the coming trading sessions. Traders can buy the stock with a stop-loss at ₹240.