The candlestick formation was accompanied by a marginal increase in volume which adds little weight to the bullishness of the stock. The Relative Strength Index (RSI) which is a lead indicator has crossed above 30 from the oversold zone, indicating that the stock is likely to witness some momentum on the upside.
Sandip Sabharwal optimistic on auto stocks despite challenges in two-wheeler demand
The acquisition also seems to be reasonably priced. So, it will only add value to the company because the acquiree SML ISUZU has a good
April 28, 2025