The stock is up by 50 per cent in 2 years and gave multibagger returns of 190 per cent in 3 years.

The most captivating aspect of this stock is the fact that prominent investor Ashish Dhawan holds a stake of 1.66 per cent in the company. This translates to a significant holding of 53,86,564 shares

The company is operating through its subsidiaries. The company provides loans to SMEs, affordable housing finance, health insurance and retail broking. REL’s subsidiaries service over 11 lakh clients from over 1,275 locations having a presence in more than 400 cities. The company has a market cap of over Rs 7,000 crore with a 5-year stock price CAGR of 35 per cent.

The significance lies in the fact that this breakout is accompanied by above-average volumes, which validates the Dow Theory principle of strength in numbers, highlighting larger participation in the direction of the trend.