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The small cap company rallied 9 per cent; FIIs hold 14 per cent stake of the company. Do you own it?
The small cap company rallied 9 per cent; FIIs hold 14 per cent stake of the company. Do you own it?

The small cap company rallied 9 per cent; FIIs hold 14 per cent stake of the company. Do you own it?

Company has delivered good profit growth of 79.4 per cent CAGR over last 5 years.

Prasad Chavan Article rating: 4.3

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. 

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