Schneider Electric Infrastructure, a smallcap company, has sparked more buying interest among investors as shares surged more than 14% in the early hours of Thursday’s trading session.
With this, the share price rose to a 52-week high of Rs 164.65. Also, it has seen a strong rally, rising almost 40% in the last month alone.
The volumes recorded in the last 6 trading sessions have been above the 10-day and 30-day average levels. This has created a lot of buying interest in these stocks among investors.
Its 14-day RSI is at (79.64) and above its previous swing high. Its ADX is rising (53.72%) and its MACD is also looking positive.
Apart from that it has outperformed its competitor companies in the stock market and earned more profit. The stock has delivered higher returns than its investors expected. Technically the stock is highly bullish and expected to trade heavily in the short term.
Today, the price per share of the company rose by 12.64% to Rs.160.90. This company has been included in the list of recommended stocks as the share price of this company may rise in the future.
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