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“The next three years would be interesting from the Reliance perspective. As of today, Reliance Financial looks expensive because people are valuing the treasury shares at 100% market value which is not given to other companies and the balance business is being put at almost four to five times net worth.”

Those acquisitions follow other deals in the past year, including a partnership with UAE’s AK Corp. for a processing plant, and a stake in Geomysore Services (India) that secured the license for a gold mine in Andhra Pradesh state.

​So one should keep a buy approach, 19,700 now continues to be a very strong support for the market. So as long as we sustain above this level, we expect the rally to continue over 20,000 on the upside and 20,050.

Tata Teleservices (Maharashtra), a leading telecom service provider, exhibited a strong performance on July 19, 2023, with its stock price reaching Rs. 80.95, crossing the 200 SMA of Rs. 78.9. The company is a subsidiary of Tata Group and operates in the highly competitive telecommunications sector.

A total of 58,995 shares changed hands on the counter till 01:31PM (IST)

The Relative Strength Index of the stock stood at 66.22 on Thursday.

​And then finally, the services area where for 2023, we made some adjustments but still we are saying it is about eight plus percentage point growth and moving into 12%, double digit growth for IT services.

The company also declared an interim dividend of Rs 6 per share (600%) on the fully paid-up equity shares of face value of Re 1 each. The firm has fixed July 27 as the record date for the payment of the interim dividend, which will be paid on or before August 18, 2023.

"​Mostly the negative year which comes as a big bad year, like you are down 25-30%. And then that year is so bad that it takes away the returns that somebody made in the previous year."

The stock quoted a 52-week high of Rs 2864.35 and a 52-week low of Rs 2082.15.