Rekha Jhunjhunwala-backed smallcap multibagger stock hits 52-week high – rekha jhunjhunwala backed smallcap multibagger stock hits high
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From a technical perspective, this stock is trading on all major short and long-term moving averages. Showing the transaction and desired order of all these. Additionally, this stock complements Daryl Guppy’s Guppy Multiple Moving Average (GMMA) pattern. It shows clear appreciation with fundamental improvement. The EPS rank of the company is 74. It is considered a correct score. The stock has given multibagger returns to the shareholders. It has grown by more than 250% in the last three years.
Billionaire investor Rekha Rakesh Jhunjhunwala holds 8.04% stake in the company through shares. Foreign Institutional Investors (FIIs) increased their stake in the stock to 15.9% from 14.4% during the quarter ended December 31, 2022. While domestic institutional investors (DIIs) also increased their share from 3.3% to 3.5%. With strong commitment from institutions and strong technical picture, this share is poised to grow further.
Wa Tech Wabang can be an option for investors looking to hold such company shares in their portfolio with the potential to deliver significant returns.
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