Shares of Sharda Cropchem Ltd. jumped over 9% on Monday to the highest in over three months after the company surprised the Street with its better-than-expected earnings in the fourth quarter of financial year 2024.
On the NSE, Sharda's stock rose as much as 9.4% during the day to Rs 395 apiece, the highest since Feb 2.
The total traded volume so far in the day stood at 21 times its 30-day average. The relative strength index was at 66.57.
4 out of the 7 analysts have a 'buy' rating.
Benchmark Sensex climbed 526 points while Nifty closed above the 22,100 level on Wednesday following buying in banking, auto and oil shares after positive macro data. The 30-share BSE Sensex climbed 0.73% to settle at 72,996 with 18 of its stocks advancing and 12 closing lower.
Oct 23, 2023 / 10:30AM GMTOperator Ladies and gentlemen, good day. And welcome to Q2 FY24 conference call for Sharda Cropchem hosted by Antique Stock Broking. (
Nifty on Tuesday ended flat to form an indecisive Doji candle on the daily charts. The immediate resistance for Nifty is at 22,500, and a break above this on a closing basis would signal a resumption of the upward movement.
Nifty on Monday fell 161 points to form a bearish Engulfing pattern on the daily charts to hint at short-term top reversal for the market. The short-term trend of Nifty seems to have turned down and the next lower levels to be watched are around 22,100-22,050 levels.
The blue-chip index NSE Nifty50 added 0.14% to 21,983, while the BSE Sensex gained 0.27% to 72,500. Both the benchmarks gained about 1% in February. In a volatile trading session on monthly derivative expiry, Nifty ended 32 points higher just above the 21-day Exponential Moving Average (21EMA). However, the prevailing sentiment appears somewhat negative from the current level.
Ahead of the February series expiry, Nifty on Wednesday ended 247 points lower below the 22,000 level and around its 20-DEMA. Observing the daily chart, the index has been navigating within a rising channel.