The stock, with a market capitalization of more than Rs 3.9 lakh crore, has been trading in a range where levels closer to Rs 770 acted as a stiff resistance while Rs 640 on the downside acted as crucial support.
Hot Stocks: Brokerage view on Lupin and Gujarat Gas; Marico gets an upgrade
Investec raised Marico’s rating from hold to buy, while Jefferies upheld a buy rating for Godrej Consumer. JPMorgan continued to rate Gujarat Gas as underweight