The stock is presently trading below its 200-day moving average (MA) despite having achieved a remarkable 100% increase in profits since March 2021. The stock reached its all-time high (ATH) of 385 in June 2021, primarily driven by the results of 249 Crores in March 2021. Currently, the stock has a trailing twelve-month (TTM) profit of 536 Crores, while its stock price stands at the 322 level.
It is displaying a consistent trading pattern within a range of 311 to 380, encompassing a 20% range. Notably, at the lower level of 311, a W pattern is beginning to emerge.
From a fundamental perspective, the company is achieving record-breaking figures in both revenue and profits.