Stove Kraft trades higher with a price volume breakout; know more here!
The share price of Stove Kraft jumped higher by more than 6 per cent on Friday trading session. The stock gave a break out from its key resistance level and managed to close at its fresh life highs.
The share price of Stove Kraft is up by more than 15 per cent in five trading sessions alone while in one month the stock is up by 12.99 per cent. Stove Kraft is seen rising with a gain in volume which give bulls an advantage. The RSI is indicating bullishness in the counter.
Stove Kraft is engaged in the business of manufacturing & selling Kitchen & Home appliances products like pressure cookers, LPG stoves, non-stick cookware etc. under the brand name of 'Pigeon' and 'Gilma'.
Stove Kraft is catching investors attention owing to its positive performance in the past 2 to 3 quarters in terms of sales growth in the Cookers & Cookware segment. Brokers are positive on Stove Kraft as the company is expected to report positive growth in coming quarters owing to gain in market share. New product launches and penetration of cooking gas along with strong brand name and a wide distribution network is helping the company deliver growth. It is expected that the demand for kitchen products post Covid -19 will remain healthy.
Stove Kraft should be on investors watchlist!