Pritesh Mehta of IIFL told CNBC-TV18, "Shriram Transport Finance Corporation is showing signs of bottoming out. We had that extended decline and thereafter there was a good base building phase between Rs 500 and Rs 520. Since then the stock is in a decent upmove."
"I feel that the current upmove has been backed by good delivery based buying. So we can see levels of Rs 630 in at least one week," he said. Disclosure: Stock discussed may have been recommended to clients but no personal holdings.
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