​Shares of Polycab India surged nearly 7% intraday on Monday as traders covered short positions taken in the futures and options segment of the cable-maker over the last few sessions, where it crashed by nearly a third amid reports of tax evasion.
After the results, analysts at top brokerages did not rush to upgrade their ratings on both the stocks. Some of them marginally raised their price targets on Infosys. The average analyst target price on Bloomberg for Infosys stood at Rs 1,639.77, while TCS stood at Rs 3,962.43.
Trident extended its northward journey for sixth consecutive session. The stock has formed strong bullish candlestick pattern on the daily scale with robust volumes. In fact, the volumes remained healthy in the past four sessions.