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KPIT Technologies shares have rebounded strongly, increasing 36% since April 2025 after hitting a 52-week low. The stock is showing bullish signals, including a range breakout and potential Cup and Handle pattern formation. Experts suggest a buy with a target of Rs 1,520, advising a stop loss below Rs 1,370.
Stock market recommendations: Anand Rathi Shares' Mehul Kothari suggests buying Ramco Systems, Minda Corp, and JSW Infrastructure. Ramco Systems shows reversal potential from support at ₹390, targeting ₹480. Minda Corp is retesting a breakout zone near ₹510, aiming for ₹550. JSW Infra is poised for a breakout above ₹314, potentially reaching ₹340, after forming a double bottom pattern.
Asian equities remained stable as a tentative ceasefire between Israel and Iran eased investor concerns, causing oil prices to drop to multi-week lows. This decline in oil prices has reduced inflationary pressures, potentially paving the way for central banks to consider interest rate cuts. Wall Street and European markets rallied, while the dollar weakened amid cautious optimism.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday following global cues. While Nifty50 was above 25,100, BSE Sensex was up over 300 points.
2025/06/29 21:57:42
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