Stock Market Live Updates 23 April, 2024: Sensex, Nifty open on a firm note thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Birlasoft: Antique said the deal pipeline remains strong but future signings are uncertain due to the timing of client decisions. The IT firm is looking to execute and maximise signings in the upcoming quarter, it said.
The Birlasoft stock has been in an uptrend for the past few months. It reached a low above 400 levels in September 2023 and since then the stock has been in a rising trend. It did retest 670 levels earlier in January 2024 but then quickly recouped losses to continue its journey of hitting fresh record highs.
Birlasoft Ltd, part of the IT sector, has rallied more than 50% in 3 months to hit a fresh record high in January 2024. Short-term traders can look to buy the stock now for a target of Rs 888 in the next 3-4 weeks, suggest experts. The IT stock rose from Rs 526 as on 23rd October 2023 to Rs 822 as on 24th January 2024 which translates into an upside of 56% in just 3 months.