DSIJ Mindshare

Institutional investors are key players in the Indian stock market, with their investment decisions impacting stock prices. These stocks are poised to benefit from India's strong growth and demographics.

From the lows of the Covid pandemic at 7511.10 level, it delivered multibagger returns of nearly 170 per cent, reaching the recent all-time high at 20,222.45 level. 

The broader markets remained under pressure on Thursday amid poor global sentiment. However, one stock that witnessed strong buying interest has surged over 11 per cent! Belonging from the plastic products industry, the scrip has rallied 1800 per cent from the covid lows which has attracted investors' attention.

Technically, the stock has registered a breakout from 2 months consolidation range of Rs. 287 on higher side and Rs. 252 on lower side. Stock surged 9 per cent with volumes around 3 million shares in the first half of the session only and is currently trading at Rs. 285 level. Closing around day’s high will confirm the breakout. 

Interestingly, the stock has bounced back 15 per cent from the February lows and currently, it is trading at Rs 366. The stock is on the verge of a technical breakout