The stock is up over 11 per cent on Friday on back of huge spurt in the volumes. So far, total traded volume has surpassed its prior trading session volume and moreover, it is highest since September 2022.  

Don’t miss out action on this textile stock in the coming week as the flag breakout indicates that the stock could remain in the limelight.

The stock jumped over 10 per cent on Tuesday and made a fresh high on the bourses. The upmove in the stock was witnessed on the back of solid volumes as the volume for the day is the highest single-day volume in the last three trading sessions.

Going ahead, the stock selection is going to be of paramount importance and hence, we have chalked down a list of stocks that are likely to witness a breakout.    

In the last financial year, the company reduced its debt from Rs 583 crore to Rs 315 crore; so, the net debt reduction is about Rs 268 crore. The debt-to-equity stands at 0.17x.   

Interestingly, the stock, in the first hour of the trading itself, has witnessed a huge surge in the volume as it managed to cross a volume of 25 lakh shares. 

As the stock is trading near its all-time high, it is above all the short and long-term moving averages. This setup is indicating a clear uptrend in the picture of the stock.