The support at Rs 1740, the stock has the potential to reach upside targets of Rs 1820 and Rs 1860," said Rupak De, senior technical analyst at LKP Securities.
Wipro Q2 results: The IT major is expected to report the weakest growth among tier I IT companies, with guidance for the December 2023E quarter fairly muted.
Private sector lender IndusInd Bank Ltd reported a 22 per cent year-on-year (YoY) rise in net profit at Rs 2202.16 crore for the September quarter compared with Rs 1805.28 crore in the corresponding quarter of the last year. Interest earned zoomed 29% to Rs 11,247 crore in the September quarter against Rs 8708.03 crore in the corresponding quarter of the last year.
Wipro, Tech Mahindra, IndusInd Bank and Infosys are four stocks from the Sensex pack that needed at least 50 per cent rally to reclaim their all-time high levels on Wednesday.
Power Grid hit an all-time high of Rs 249.75 on June 20. ITC hit its all-time high of Rs 455.90 on June 19. Two other Sensex stocks Titan Company Ltd and Larsen & Toubro Ltd hit their respective new highs on the same day.