Up 200% from Covid 2020 lows, this stock is on track to hit fresh 52-week highs in 12 months

August 25, 2022

The agrochemical stock with a market capitalization of nearly Rs 58,000 crore hit a low of Rs 240 on 23 March 2020 on the weekly charts. Since then, the stock has been in an uptrend. After a steady rise, the stock was seen consolidating in a narrow range where Rs 600 acted as strong support while levels closer to Rs 800-850 acted as a stiff resistance since February 2022.

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