“Federal Bank, post its quarterly results, has broken out of its resistance zone placed at Rs 130 levels. It can be observed from the quarterly charts that the stock in the last quarter gave the highest quarterly closing in the past 5 years and is a clear outperformer in the banking space,” Sujit Deodhar, Head – Technical Analyst, Wellworth Share & Stock Broking, said.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires