The stock has been making a series of high low and higher bottoms so far in 2022. It hit a low of Rs 99 on July 15, 2022, before bouncing back. The upmove in the stock is also accompanied by strong volumes which is a bullish sign.
Melody effect: Wrong ‘Parle’ stock hits 5% upper circuit for 4th day, up 21% since PM Modi’s gift for Meloni
Parle Industries shares hit the 5% upper circuit for the fourth consecutive session amid speculation that investors are mistaking it for unlisted FMCG major Parle