DSIJ Mindshare

For the market, every adversity is an opportunity and thus, this current geopolitical tension between Russia and Ukraine is also an opportunity in disguise for some.

Many stocks from the broader market indices witnessed buying interest except for one particular stock and that is Ramkrishna Forgings Ltd (RKFORGE). We are just two hours into Tuesday’s trading session and the stock of RKFORGE has already jumped more than 6 per cent!

The stock is seen buzzing on the bourses on Monday as it jumped over 10 per cent along with a huge spurt in the volumes. A huge spurt in the volumes indicates strong buying interest by the market participants.

The stock is up by nearly a staggering 30 per cent on a YTD basis while on an MTD basis, it jumped 18 per cent. One of the main reasons for the standout performance by the stock in recent times is the standout financial performance in the quarter ended December 31, 2021.

So, what’s the buzz in the stock? Sterlite Technologies Limited (STL), an industry-leading integrator of digital networks.