Profit

Upside capped for Tata Global; hold shares, advise experts

PUBLISHED ON: October 16, 2012 | Duration: 21 min, 30 sec

  
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Siddharth Sedani of Microsec Capital says that Tata Global has seen a strong run up. The tie-up with Starbucks bodes well for the company and investors can hold the stock for the medium term. However, technical analyst V Sundar Raja says that while the stock is the trader's darling right now, further upside may be capped. He advises investors to book part profits and hold on to some shares of Tata Global for 8 to 10 months.
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