Given the relatively better performance of the midcap stocks’ universe when compared to the main indices, some rebound in price in this stock cannot be ruled out when supported by important technical developments on the charts.
Indian equities tracking positive global cues ended higher on the last trading day of the week. Nifty at the close edged higher by 0.25% to
Brokerage firm Axis Securities is positive on a few large and midcap stocks, which can rally up to 23% in 2023. The brokerage believes the
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