NIIT Tech
Face value: Rs 10 Dividend 75% (increasing 5% per year)
This stock is a take over candidate and as per un-confirmed rumors Dell is likely to make a bid. Day before yesterday silently stock made a high of 288 (might be a indicator of the expected price of acquisition) and that seems to be resistance as well. Today is the result day, I expect the stock to bounce up by another 10-15 Rs provided no negative surprises are hidden in the results.
Face value: Rs 10 Dividend 75% (increasing 5% per year)
This stock is a take over candidate and as per un-confirmed rumors Dell is likely to make a bid. Day before yesterday silently stock made a high of 288 (might be a indicator of the expected price of acquisition) and that seems to be resistance as well. Today is the result day, I expect the stock to bounce up by another 10-15 Rs provided no negative surprises are hidden in the results.
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