Few months back, JP Morgan came out with sell call with target price of 540. Stock price tanked on that day but never looked back. But this time it can be bit different. Since KPIT ran up a lot in last fortnight due to Tata Tech IPO related euphoria about ER&D sector, stock may give up these gains. But I believe it is a long term story and has a long runway for growth.
Disclosure – invested for last 3 years and hence heavily biased. Transactions in last 2 weeks.
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