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KPIT Cummins has target of Rs 120: Gujral

Published on Thu, Nov 26, 2009 at 09:46 |  Source : CNBC-TV18

Updated at Thu, Nov 26, 2009 at 11:21  

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Ashwani Gujral, Technical Analyst

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KPIT Cummins Infosystems has target of Rs 120, says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "KPIT Cummins moved in a very narrow range at Rs 100 levels and then yesterday suddenly moved up 8-10%. Midcap IT off late; last two-three days other than Mphasis, BFL and Patni - these smaller IT stocks - have started doing well. So we could get targets of Rs 120, keep a stoploss of about Rs 102. The market is right now a low conviction kind of market. So you have to take that on board when you look at these recommendations."

  

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