Movers & Shakers: Top 10 Stocks That Moved The Most Last Week
Summary
Gaurav Sharma, AVP Research at Globe Capital Markets, said as the stock moved up sharply, the possibility of some profit-taking cannot be ruled out but that should be considered a buying opportunity. KPIT Tech | The stock price was up 16 percent after the company said it will acquire Future Mobility Solutions GmbH (FMS) for up to 15.6 million euros (about Rs 135 crore). Shrikant Chouhan, Head-Equity Research (Retail), Kotak Securities, is of the view that technically, on daily and weekly charts, the stock has formed breakout continuation formation which is broadly positive for the United Spirits. The IT firm said it expanded its partnership with Finastra, a software vendor working in the financial services industry, to drive digital transformation in South Korea and Taiwan. Sameet Chavan of Angel Broking suggests selling the stock as the scrip has confirmed a trendline breakdown from its key support of Rs 1,390 on a closing basis.
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