DSIJ Mindshare

With this robust move, the stock has registered a resolute breakout of almost a 4-month stage-2 consolidation, signaling the resumption of an upward trend and presenting a fresh entry opportunity. The depth of the consolidation is about 23 per cent, and the stock is trading above all the short and long-term moving averages, which are trending upward in a desired sequence.

The last bonus the company had announced was in 2022 in the ratio of 1:1, and the stock has delivered multibagger returns from the lows of December 2022 of around Rs 118 per cent.

The stock has delivered handsome returns of 66.97 per cent in the last year, and it is up by nearly 13.5 per cent in the last month.

With 2,2205 stocks advancing against 1,473 stocks declining, there is a prevailing positive sentiment in the BSE.

On January 11, 2024, foreign institutional investors (FII) sold shares worth Rs 865 crore, while domestic institutional investors (DII) bought shares worth Rs 1,607.08 crore.