In the bull case scenario, it said that the stock can rally up to Rs 3,400 or 29 per cent from the current market price. However, lower-than-expected telecom ARPU or subscribers can lead to a valuation multiple de-rating.
Big Movers on D-Street: What should investors do with Prince Pipes, M&M and ONGC
Indian equity markets began the week by rising due to the positive outlook in global markets and breakthroughs in US debt ceiling negotiations. The S&P