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Sell Asahi India Glass; target of Rs 502: ICICI Securities

ICICI Securities is bearish on Asahi India Glass has recommended sell rating on the stock with a target price of Rs 502 in its research report dated May 16, 2024.

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Asahi India Glass and INOX Air Products collaborate for an industry pioneering initiative with a 20-year agreement for off-take of Green Hydrogen at Asahi India s Chittorgarh Plant

Asahi India Glass and INOX Air Products collaborate for an industry pioneering initiative with a 20-year agreement for off-take of Green Hydrogen at Asahi India s Chittorgarh Plant
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Asahi India, Inox Air sign 20-year agreement for green hydrogen supply

Asahi India, Inox Air sign 20-year agreement for green hydrogen supply
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September bulls likely to be rewarded in next 3 months HDFC Bank, TCS, and Maruti among hot picks

Thus, projecting a target of 21,000 by December 2023 as it is price parity of the June-December 2022 rally (15,183-18,887) projected from March 2023 low of 16,828. "The seasonality pattern gels well with our price structure model and classical chart pattern projection of 20,700-21,000 in CY23. Meanwhile, strong support is placed at 18,700," the report said.

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Titan, PNB, Asahi India look strong on charts What should investors do on Wednesday?

Titan Company has hit a fresh high while PNB and Asahi Glass have shown strong breakouts. Vidnyan Sawant of GEPL Capital sees the stocks rising further but advises maintaining a stop-loss.

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