Shares of company gained Rs 204.40 , or 6.22%, to settle at Rs 3,491.35. It  touched a high of Rs 3,514 and a low of Rs 3,300.  The company posted a net profit of Rs 1,277.70 million for the quarter ended Sep. 30, 2010 as compared to Rs 776 million for the quarter ended Sep. 30, 2009, growth of 64.65%.

The stock is in strong up trend making higher highs and higher lows. Since 07/10/2010, it entered into a correction which seems to have completed. After completion of correction, the stock has shown strength and has given good up move. We expect this stock to reach till the area of 3630-3720 in next few days.

Shares of company declined Rs 1.85, or 1.38%, to settle at Rs 132.45. It touched a high of Rs 135 and a low of Rs 132.20. The company posted net profit of Rs 1,258.47 million for the quarter ended Sep. 30, 2010. Total income is Rs 4,139.29 million for the quarter ended Sep. 30, 2010.

The stock is in good up trend making higher lows and higher highs. Since 11/08/2010, this stock has entered into correction. The nearest support area is at 123-125 area and the stock may come down to this support area. We do not see stock going below 123 and is having high probability of turning up from the mentioned support area.

The stock had a trading bounce from 980 levels to 1135 but has been in a downtrend since then. One can sell if the stock goes below the support of 1030. Another bounce from 1030 levels can take the stock to 1150 levels. Book profit on rallies.

The stock is in sideways movement. It has to move above 1950 for a bull run. The stock can touch a low of 1027 on the downside but a target of 2500 levels is possible in 3-5 years.