This stock jumped 67 per cent in less than a month and is now racing towards upper freeze! Heres why!

Mindteck, the global engineering & technology solutions company with niche knowledge as well as expertise in the storage, medical device, semiconductor, and analytical instrument industries, recently announced the win of a new project from an analytical instrument client.  

The European-based client is a provider of precision instrumentation monitoring solutions to reduce occupational and environmental health risks. In 2017, Mindteck developed the client’s initial version of data management software, which health & safety professionals use to manage and track occupational hazard exposure data. The scope of the new project encompasses tech upgrades to the latest releases, database migration, feature enhancements, and third-party tool integration.  

The stock has gained over 4 per cent in the initial hour of the trade itself and is inching closer to the upper circuit limit of the day. The stock, on a YTD basis, has jumped nearly 210 per cent and is trading close to its all-time high. It has delivered a handsome return of 67 per cent on an MTD basis.   

The stock is trading above its important moving average of 20, 50 & 200-DMA. Moreover, these moving averages are in the desired sequence and all the moving averages are in a rising trajectory.   

Jacob Pillay, Senior Vice President – Sales (US & Europe), commented, “It is a privilege to have an opportunity to continue working alongside an innovative, global leader, whose mission is to improve health in the workplace and ultimately, communities.”