Top Trending Stock: This stock jumped 14 percent in two hours, has earned huge profit in the last five years – top trending stock choice international ltd 14 percent in two hours

Mumbai: The stock markets opened on a positive note on Wednesday but profit-booking soon dominated the indices. Interestingly, the financial services sector has outperformed the indices since Tuesday. A stock in this industry has grabbed the attention of investors today by rallying 14 per cent in the first two hours of trading. This stock is Choice International Ltd. It is an integrated and diversified financial services group. It was formed in 1993. This company provides many types of financial services. These include broking and distribution, investment banking, financial services ranging from business advisory, retail loan distribution, mutual fund distribution, technical services and other ancillary services.

The company has given profit at a CAGR of 53.5 per cent in the last five years. Along with this, its debtor days have also improved. It has come down from 171 to 104 days. Earlier the stock was trading in a big consolidation zone of Rs 299 to Rs 232. Its price had reached Rs 299 on November 2022. The stock is witnessing heavy volumes in the last two days. Now the stock has given a breakout from its continuation pattern on the daily timeframe. Its volume has been more than the 100 day average.

Price Volume Breakout: Investors vying to buy these shares including Adani, bumper bounce in stocks

price may increase

Today’s trading action has completed the losses of the last two months and has crossed the previous swing high. All the indicators are pointing to strong momentum in this stock. The stock is currently trading around Rs 278 and closing at this level will confirm breakout. Keeping all these things in mind, follow-up buying is expected in the coming days. Long term small-cap investors and momentum traders can add this stock to their watchlist.

This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.

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