The stock rose more than 20 per cent in a week and over 40 per cent in the last 3 months. The stock is trading around overbought levels. Hence, some consolidation cannot be ruled out. The relative strength index (RSI) is at 84. RSI above 80 is considered strongly overbought. This implies that stock may show pullback, Trendlyne data showed. MACD is above its center and signal line, this is a bullish indicator.
Top 10 PSU performers in CY24. Here’s how much they have returned
As we are at the fag end of 2024, a look back at the performance of PSU stocks shows BSE PSU index delivering nearly 29%