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Most brokerages revised their earnings estimate upwards as Tech Mahindra delivered on all fronts be it margin, capital allocation, deals & revenue
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Markets have started on a resilient note however, markets have been sideways for the last eight weeks
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Kacholia held more than 20 stocks in his portfolio as of June 30. This included firms like Mastek, Vaibhav Global, Poly Medicure, among others
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The scrip traded 7.46% higher at Rs 1211.90 at around 9.47 am (IST). On the other hand, the benchmark BSE Sensex was up 101 points, or 0.19% at 52,754
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Nifty IT index rallied 0.65% followed by the Nifty Auto index rose 0.47%. While Nifty Pharma, Nifty Metal were up in the range of 0.18-0.38%.
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Global markets: Asian stocks traded mostly lower on Friday amid escalating coronavirus concerns.
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Investor Ashish Kacholia bought 1.41 lakh shares of Garware Hi-Tech Films at Rs 1,005 in a bulk deal on Thursday.
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Nifty is struggling in a range of 15,700-15,900 and either side breakout will decide the further direction
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Stock recommendations: Motilal Oswal Financial Services is positive on State Bank of India with a target price of Rs 460
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Unlike ace investor Rakesh Jhunjhunwala, brokerages expect Zomato to touch at Rs 170 in the near future