trending stock of the day, top trending stock Vinati Organics in fixed capital markets – top trending stock vinati organics
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Technically this stock has recorded a breakout from its double pattern with above average trading numbers. Such a breakout is a strong indication of a bullish trend reversal. The trading volume of the stock is higher than the 10-day and 30-day average trading volume. Thus it shows the buying interest of investors. The 14-period daily RSI (56.21) is in an uptrend and is at its previous high. OBV is at its peak. It shows efficiency in terms of transaction number. The MACD histogram is rising and shows an uptrend. In short, this stock has been technically strong and is expected to rise further in the coming period.
Recently, the company reported quarterly financial results in profit. Sales rose 51% to Rs 566.29 crore in September while net profit rose 42% year-on-year to Rs 116 crore in September. With such positives, this stock is likely to be the talk of the town and long-term investors should keep an eye on its movement.
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