Accumulate ACC at Rs 1460: Karun Mutha

Accumulate ACC at Rs 1460, says Karun Mutha, HSBC Invest Direct.

Mutha told CNBC-TV18, "ACC is an accumulation on dips. So if the markets correct a little bit today morning I think Rs 1460 should be a good accumulation zone and we will probably see a 5-7 percent upside on that stock."
He further added, "TCS has seen largely stable price band of around Rs 1320-1330, should be again in accumulation zone of around Rs 1310-1320 levels. That should again give a 5 percent upside. Largely open interest on that stock has also remained stable and stagnant when a little bit of unwinding only has been seen and that should see a decent up move."