Anand Rathi Investment Services has highlighted Tata Technologies Ltd (TATATECH) as a stock with high potential for growth. After the stock’s IPO success and subsequent listing gains, it experienced a correction but has recently shown signs of a trend reversal. According to Anand Rathi, the stock is now poised for a fresh breakout, with the potential to retest its life high.
Key Highlights:
- After peaking near the ₹1,400 mark post-IPO, the stock corrected below ₹1,000 before consolidating.
- The recent breakout signals potential upward movement, offering a strong buying opportunity.
Anand Rathi recommends investors accumulate the stock within the ₹1,080-1,040 range, with a stop loss at ₹865, and set Target 1 at ₹1,360 and Target 2 at ₹1,450.
Disclaimer: Stock investments are subject to market risks. Please read all related documents carefully before investing. The information provided in this article is for informational purposes only and should not be construed as financial advice. Consult your financial advisor before making any investment decisions.
