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.
Banking and finance sector holds promise for absolute positive returns: Vetri Subramaniam
There could be periods of the market in which you want to be 100% momentum and that will be the best strategy to run with