Kei Wires Share Price – power up your portfolio with this cable and wire stock
The Nifty Smallcap 100 registered a gain of around 0.50%. While Nifty Midcap 100 rose by 0.12%. One stock that caught the attention of investors on Wednesday was KEI Industries. The stock jumped nearly 5% and hit a 52-week high with the move.
Shares of KEI Industries Ltd. were trading at Rs 1,785 in the morning session. It touched a session low of Rs 1,773.20. The minimum level saw buyers’ interest in the stock and after that the stock went on a more bullish journey. The stock is currently trading near the highs of the day. Talking about the number of shares traded, the total trend trade of this stock is more than 6 lakh shares so far. This means a three-fold increase compared to the 10-day average volume of 1.67 lakh shares. Hence, the price increase is supported by strong transaction volume indicating more investor participation.
The stock’s daily 14-period RSI has crossed its previous high and is on a bullish trajectory. The daily MACD remains above its nine-period moving average and is pointing to the upside. This validates the positive bias in the stock. Considering these technical aspects, this stock should be in the portfolio of investors.
Although the overall capital market has started at a low level, there are some positives in the market. The impressive performance of KEI Industries Limited is no doubt a part of it. An upward movement of the stock and a high transaction volume indicate that investors are optimistic about its future potential for buying.
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