The stock is trading near its breakout point, placed at Rs 580. The key technical indicators are positively poised on long-term as well as medium-term timeframe charts, while its short-term indicators tested the overbought zone and may reverse.
Why are metal stocks rallying: Explained!
Metal stocks have been on a roll lately. The Nifty Metal index has been up significantly, with gains of over 50%, in the last one