This micro-cap stock under Rs 100 registers strong price volume breakout; hits all-time high in the process!

The stock jumped over 70 per cent in the past three months while it has more than doubled its shareholders’ wealth in less than three years.

Haryana Capfin is a micro-cap NBFC company, having a market capitalisation of Rs 39 crore, working in the business of providing loans & investment services. The stock is trending on Tuesday after it witnessed a huge buying interest from the market participants. It soared over 13 per cent during the initial hours of the trading session. It is currently the top trending stock below Rs 100 segment. With such strong momentum, it registered a strong price volume breakout from its 55-month cup & handle pattern with a depth of 70 per cent. Meanwhile, the stock has hit a fresh all-time high of Rs 74.95 level. Interestingly, the stock jumped over 70 per cent in the past three months while it has more than doubled its shareholders’ wealth in less than three years.  

The 14-day RSI (68.89) shows strong strength in the stock. The MACD has also indicated a bullish crossover. The OBV is on a rise, which shows strong volumetric strength in the stock. Overall, the stock is technically bullish and can see strong momentum from here. 

Recently, the quarterly results of Haryana Capfin were good as the revenue rose 10.04 per cent YoY while its net profit surged 6.16 per cent to Rs 0.08 crore on a YoY basis. Currently, the shares of Haryana Capfin are trading near the all-time high level, and we can expect the stock to test the level of Rs 80, followed by Rs 100 in the medium term.  

It may become a multi-bagger if it posts strong quarterly results in the coming times! Long-term risk-seeking investors can include it on their watchlist!