Stock Mantra: This stock of digital space gave more than 50% return in 4 months, now what is your investment strategy

Global Technology Consulting & Digital Solutions Company Larsen & Toubro Infotech The shares have given excellent returns in the last 4 months. It has outperformed Nifty and Sensex during this period. This stock has doubled the wealth of investors in the last one year, setting a record. According to technical analysts, the stock is expected to continue its upward trend from the price pattern so far.

This stock has seen a rally of more than 55 percent in the last 4 months. Its previous record high closing was Rs 5,578.40. On September 14, it touched a record of 5,668.75 in intraday. The company’s market cap is Rs 97,718.98 crore. The wealth of investors in this stock has doubled in the last one year.

In the last 4 months, the BSE IT index has gained 21 per cent and the BSE Sensex has gained 11 per cent. In the last 12 months, BSE IT has gained 77 per cent and Sensex has gained 50 per cent.

Looking at the current price of this stock, experts say that at present this stock looks very expensive. But given the broad growth prospects and strong returns and strong business model of the company, this stock is still a buy on. In the future, an upside of 25-30 percent can be seen in this.

Jai Thakkar of Marwadi Share It says that this stock is currently seen in buy mode. A target of Rs 55850 can be seen in this stock. On the downside, it is seeing support at Rs 5320. At these levels, there would be no advice to buy fresh in this stock. But those who are holding these shares should stay in this stock with a trailing stop loss of Rs 5,320 and target the target of Rs 5,850.

Santosh Meena of Swastika Investmart Says stay in this stock. In the future, it may see a further increase of 25-30 percent. Traders should adopt a buy strategy in this stock with a stop loss of Rs 4,800.

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