But even though the markets are falling, some stocks are soaring. A stock is trending top today. The same is Lambodhara Textiles Limited. Nse Code: LAMBODHARA. The textile stock rallied up to 10 percent in the early hours of today’s session. Currently it is continuing at Rs.170 levels with a gain of 7 percent.
Deal with Ambani.. This stock is upper circuit for months..
Textiles sector has been in good demand in recent times. In the background of good support and incentives from the government.. the companies belonging to that sector are earning good profits.. the share value is also soaring. In the same order, the stock of Lambodhara Textiles rose heavily in Tuesday’s session. It has good demand from investors.
Even if seen in terms of technical parameters, this stock is flying with above average volumes. It increased up to 62 percent within a month. Trading near 52-week high on good volumes. 14 day RSI is also indicating a good bullish zone at 73.24. There are signs that this stock may rise in the coming period. That is why experts suggest that momentum traders should focus on this stock.
This article is contributed by Dalal Street Investment Journal, India’s No. 1 investment magazine. To get regular updates on winning stocks, recommendations Dalal Street Investment Click on the link.
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