Strong Price Momentum and Market Outperformance
The stock’s impressive gain on 14-Jan was marked by an intraday high of ₹69, representing a 10.67% increase. This surge came despite a wide trading range of ₹6.99, indicating heightened volatility but ultimately strong buying interest. Notably, the stock outperformed its sector by 10.24% on the day, signalling renewed investor confidence. This positive momentum is further underscored by the stock trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically suggests a bullish trend in technical analysis.
Over the short term, the stock has demonstrated resilience, posting a 1-week return of +2.07% and a 1-month gain of +3.42%, while the broader Sensex declined by...
Read full news article












