The stock drew the attention of chartists due to its positioning within the higher range of a long-term consolidation pattern, accompanied by significant trading volumes. This positioning suggests the potential for a technical breakout of a continuation price pattern.

In just 6 months, the stock gave multibagger returns of 110.48 per cent whereas BSE Small-cap Index rose by only 1.17 per cent.

On Thursday morning the markets opened marginally lower, owing to weaker global cues. 

Crude oil price decreased slightly and was trading at USD 120 per dollar, whereas Gold prices also increased by 3 per cent. The Nasdaq was down by 1.32 per cent at market close on Wednesday, whereas the Asian markets also mimicked the weaker sentiments and were trading 0.50 per cent lower