Aug 07, 2013, 06.45 PM | Source: CNBC-TV18
According to Shardul Kulkarni of Angel Broking, one may exit Tata Power Company. “The stock may come down to Rs 70,” he adds.
He further added, "If I had any positions building yesterday's trading sessions, I would sell the positions and move out because the weekly chart has been damaged significantly. I would say that considering the volume action in the last trading session as well as this particular upmove which is basically a pullback, I would say it is best to move out of Tata Power. I see lower levels of around Rs 70 being tested again."
According to the statement, standalone generation
Axis Direct recommended hold rating on Tata Power
Tata Power is keen to pare its debt and bring down
Edelweiss is bullish on Tata Power has recommended
Tata Power today announced the appointment of Nata