INFOSYS RESULT UPDATES
Nifty rose 15.4 points to 5,292.2 in early trade on Friday. IT major Infosys met expectations for fourth quarter of FY12, but disappointed the street with its FY13 guidance. It posted net profit of Rs 2,316 crore, a fall of 2.4% QoQ, while the revenue growth for FY13 expected to be 8.10% versus expectations of 12-14%.
TIPS TO TRADE INFOSYS
The first key level to watch out for Infosys is Rs 2675. It is also close to the 200 DMA, but if it takes that out then it opens a downside of Rs 2,580 and Rs 2,480 which is the drastic drop.
INTRADAY NSE BSE TIPS FOR TODAY
1. IVRCL Ltd stock tips - BUY with a target of Rs 82 and a stop loss of Rs 70
2. TTK Prestige Ltd - BUY with a target of Rs 3500 and a stop loss of Rs 3250
3. Dabur India Ltd - BUY with a target of Rs 117 and a stop loss of Rs 106
4. State Bank of India - BUY with a target of Rs 2300 and a stop loss of Rs 2190
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