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K Seshadri
MUMBAI, December 7: TVS Suzuki has been a favourite investment scrip for local as well as foreign institutional investors (FIIs). The scrip has moved down from Rs 622, which it posted on October 28.
It came down and bottomed out at Rs 535. It is now moving up. The technical indicators have signalled a green signal for buying. On the weekly chart the scrip is seen facing resistance at around Rs 612.
Since the two-wheeler industry faces a good opportunity for growth, the current price is a good pick for a long-term buy.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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