Now, it is starting the next leg of a rally where Rs 210 is an immediate multi-month resistance level. We are expecting a move towards the Rs 230 level if the stock manages to close above Rs 210. On the downside, Rs 175 is major support for any correction.
The stock continued to remain the most valued listed company in the country despite the decline.
Domestic equities ended flat on Friday as MPC matched market expectations, while supportive measures announced by the RBI Governor helped strengthen the rupee.
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