This hospitality stock is attempting a breakout from the technical price pattern of a pennant. A breakout from such a pattern indicates a continuation of the ongoing trend and has the potential to move up by ~6%. The stock price has been comfortably moving above the multiple moving averages, reflecting the bullish trend in the stock.
Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%.