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Indian stock market today 12 jan opens for trade this morning on a negative note after a deep cut in CNX IT following disappointing Infosys Q3 results. Infosys as told you yesterday that bears are holding heavy short positions at 2800 calls and stock will fall below 2800 after results as they have some hint of results now see results came today and stock fell to 2660 in front of you ,fall of rs 180-00 from yesterdays close.
Infosys News Updates 12 jan
Infosys posted a net profit of Rs 2,372 crore in the third quarter, a growth of 24.5% as compared to Rs 1906 crore in the previous quarter. Its revenues moved up 14.8% to Rs 9,298 crore from Rs 8,099 crore, quarter-on-quarter. Earnings before interest and tax (EBIT) jumped over 27% to Rs 2,899 from Rs 2,281 crore. EBIT margins improved at 31.17% as against 28.16% quarter-on-quarter.
Best Intraday Stock Tips Today 12 Jan
1. Buy Britannia, target of Rs 504
2. Buy SAIL with targets of Rs 95 and 97.50 and stop loss of Rs 87.
3. PetroNet LNG :- Buy around Rs 160 with a stoploss below Rs 153 and target of Rs 174.
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