Though these snippets and articles are great to read – the gung-ho write ups are generally sponsored, hence one would be well advised to take the numbers quoted in terms of expected growth with a dose of skepticism.
As is usual the article keeps quoting ‘executive who doesnt want to be named’ – and ‘an (Ahmedbad) analyst’ – like that ‘Tower Talk’ social media forwards.
The stock has indeed run up from mid 30s (yes Thirties), till here – when the market ‘knew’ Tatas were investing; which was only made public when the price was at 180s ! So much for the all knowing market and inside information.
One can notice the huge volume of sellers around 800 mark. Investors going forward should feel comfortable of lesser MoS from here onward.
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