Tata Elxsi’s(TEL) stock rose 3.6% in yesterday’s trade, while the BSE Sensex was flat. We have a BUY rating on TEL and Target Price of Rs 1,180.
DRREDDY (PREVIOUS CLOSE: 2426) SELL
Fresh long position can be initiated in the range of Rs2425-2455 for the target of Rs2300-2170 with a strict stop loss of Rs2530.
ASHOKLEY (PREVIOUS CLOSE: 128) SELL
For today’s trade, short position can be initiated in the range of Rs 130-131 for the target of Rs 124-122 with a strict stop loss of Rs133.
IGL (PREVIOUS CLOSE: 326)BUY
For today’s trade, long position can be initiated in the range of Rs 326-323 for the target of Rs334-338 with a strict stop loss of Rs 320.
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