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BUY HDFC LIFE 477 TGT 490/ 530 SL 450
The market has seen a good rally recently due to rising expectations of
stimulus packages from the government amid positive global cues, after a good
recovery in the last few sessions, Indian markets turned red due to weak global
cues And extension of lockdown. We expact that Volatility will remain high in
the coming sessions as well and traders have no choice but to align their
positions accordingly.
Stock
of HDFC LIFE traded 1.11% up in Monday 's
trade. The stock opened at Rs 473 and touched an intraday high and low of Rs
482.75 & Rs 453.30 , respectively, in the session so far.The stock quoted a
52-week high of Rs 646.40 & a 52-week low of Rs 340 .The Chinese central
bank has increased its stake in mortgage lender HDFC to over 1 % at the
end of March quarter, as per statutory disclosures.
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