The smallcap stock bounced back after hitting a low of around 175 in February 2022. The stock remained volatile thereafter but still managed to make higher highs and higher low formations post June 2022. The stock with a market capitalization of more than Rs 2600 cr hit a fresh record high of Rs 313 on 19 August 2022. Technical suggests that the momentum is likely to continue which could take it towards Rs 333 in the next few weeks.
Fund Manager Talk | Defence stocks rally shows FOMO taking over rationality, says Kotak’s Atul Bhole
India’s macro fundamentals are in a really sweet spot & proving to be one of the strongest versus major global economies. Tightly controlled fiscal &