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Big Movers on D-St: What should investors do with Shree Renuka, IDBI Bank and Tata Chemicals?
Continuing its daily rising trend, the stock surpassed its prior swing high of Rs 63 and rose to fresh 10-year high of Rs 66. It has potential to move towards Rs 75 in the short-term and Rs 95 in the medium-term. The stock is positively poised above its major moving averages, and key technical indicators also favor the bulls. We believe undergoing positive momentum will continue.