Mazagon Dock is among the stocks that analysts are not comfortable with from a valuation standpoint, after the stellar rally. It has an average target price of Rs 806, according to Trendlyne, which implies a downside of over 64% from the current levels.
Breakout Stocks: How to trade JSW Holdings and HCL Technologies on Monday
The Indian market remained volatile throughout Thursday’s trading session. The BSE Sensex fell by more than 100 points, while the Nifty50 closed above the 23,500