Starting of operation in Mumbai is a very positive trigger foe the stock and it has aslo reacted positively to the news with around 10 % jump in its price with good volumes. Now if the stock at least stablises at this level or moves up then it will be very positive…but if the stock falls back to the level of 350 to 360 then it will strengthen my conviction that informed investors want to exit at higher level and that will be negative for the stock in short to medium term…
I am not an expert but just trying to understand how market works…
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