The stock has the potential to cross its psychological level of Rs 1000 in the near term. If it breaks Rs 1000 then we can expect Rs 1200 as the next susceptible level. On the downside, Rs 800 is the major support level.
Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong.
As all major companies have already announced their Q4 results, brokerage firm Motilal Oswal has upgraded and downgraded the estimated FY24 earnings of several stocks.
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