While the overall market may remain in a consolidation mode for some time, there is potential for noteworthy stock-specific movements in the near term. In light of this, three stocks have formed a strong setup on the charts for further rally, giving a good risk-reward ratio.
Jefferies cuts KEI Industries target price by 11%. Will UltraTech’s entry put the company at risk?
Jefferies has cut its target price for KEI Industries by 11% to Rs 6,150, citing concerns over UltraTech Cement’s entry into wires and cables. The