Strong Short-Term Momentum Drives Gains
The stock has demonstrated robust momentum over the past week, delivering a remarkable 14.03% return compared to the Sensex’s negligible 0.01% gain during the same period. This recent surge is further underscored by a consecutive two-day gain, during which Sainik Finance appreciated by 11.84%. Such short-term strength indicates renewed buying interest and positive sentiment among market participants.
On 05 Dec, the stock opened with a gap up of 4.94%, signalling strong demand from the outset of trading. It reached an intraday high of ₹42.50, marking the peak price for the day and reinforcing the bullish trend. Despite more volume being traded near the lower price levels during the session, the overall price action remained firmly...
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