Mar 06, 2013, 02.16 PM IST
Anil Manghnani, Modern Shares & Stock Brokers feels Tech Mahindra should go back to Rs 1,130-1,150 range.
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Tech Mahindra should go back to Rs 1,130-1,150: Manghnani
Anil Manghnani, Modern Shares & Stock Brokers feels Tech Mahindra should go back to Rs 1,130-1,150 range.
Like this story, share it with millions of investors on M3
Tech Mahindra should go back to Rs 1,130-1,150: Manghnani
Anil Manghnani, Modern Shares & Stock Brokers feels Tech Mahindra should go back to Rs 1,130-1,150 range.
Manghnani told CNBC-TV18, " Tech Mahindra is still very strong and it has come down over the last couple of sessions. So it is a buying opportunity for me."
"I feel the stock should go back to Rs 1,130-1,150 range, so maybe with the stop loss of Rs 1,030. However, even from a longer-term point of view, this has the potential to do what HCL Technologies or TCS is doing. So I know Rs 1,150 is a major problem but if it takes that out, it could eventually become Rs 1,350 stock also. So for now, just a trade call but even could be a long-term call," Manghnani added.
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Modified provisions under GAAR effective April 1, 2016
- No change in standard rate of excise duty, service tax
flashes
- FM speaks to CNBC TV18
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Salaried Person
REACTIONS
reaction on: Policy
Naina Lal Kidwai
Country Head | HSBC India
reaction on: Business
NK Jain
Vice-chairman | JSW Energy
reaction on: Markets
Mukesh Kumar
Head - Strategic Planning | HDFC ERGO General Insurance
reaction on: SME
Snehdeep Aggarwal
Founder & Chairman | Bhartiya International
reaction on: Policy
Sanjay Sanghvi
Partner | Khaitan & Co
What got Cheaper / costlier?
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