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railways, infrastructure and defence really cnt be avoided by any government in developing country like india and demand is only going to increase rapidly. assuming jwl results sometime third week of may prior to loksabha election outcome i personally see this could be range bound and new range could be 400 to 500 this is assuming good number and robust outlook. ev formal launch would add colours and push this to next super higher zone. hopefully by that time tesla would also party where currently tata motors has biggest share.