Top Trending Stock: This stock jumped five percent as soon as the market opened, can fill investors’ pocket – power up your portfolio with this cable and wire stock
New Delhi: The NSE benchmark Nifty 50 index had a soft opening on Wednesday due to weak global factors but managed to move up 70 points from the day’s low. Right now it is trading around the highest level of the day. Sectoral indices are showing a mixed trend. Nifty Metal declined by 0.53 per cent and Media by 0.21 per cent. On the other hand Nifty Realty and IT are top performing sectors. Broader market indices are showing good growth. The Nifty Smallcap 100 has gained 0.50 per cent while the Nifty Midcap 100 is up 0.12 per cent. But the broad market indices are not showing any uptick. Shares of KEI Industries Limited have grabbed everyone’s attention. The stock has gained 5% to reach a 52-week high. KEI Industries Ltd. opened at Rs.1785 and closed at Rs.1773.20 today. Investors showed interest in it at the lower level and after that the stock saw a boom. Now it is trading at the highest level of the day. So far more than six lakh shares have been sold. This is more than three times its 10 day average volume. Its 10-day average is 1.67 lakh shares. That is, along with the increase in the price, its volume has also increased significantly. This shows the good participation of the investors in this shares. Moreover, its 14-day RSI has crossed above its prior swing and is in the bullish zone.
bullish signal
Its daily MACD is showing bullish momentum and is above its nine-period average. This shows the positive trend regarding this stock. Given these technical factors, investors should keep an eye on it. Overall, even though the market started with a soft note, many stocks are showing a boom. These include the shares of KEI Industries Limited. The stock’s strong upside movement and high trading volumes are indicating that investors are bullish on its potential.
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