DSIJ Mindshare

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.

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

On Monday, Nifty opened on a flat note and hit the day’s high of 17,530 level but severe profit booking pulled Nifty below 17,300 level. Despite this volatile session, one small cap stock from Hotels and Restaurants industry has rallied more than 16 per cent, backed by massive volumes during the initial hours of the day. 

It is almost a debt free company where Foreign Institutional Investors (FIIs) holds 6 per cent stake of the company.