Despite the fact that there was a sharp sell-off witnessed in the frontline gauge, some of the SME stocks on BSE SME were on cloud nine! 

Qualcomm Technologies is a recognised world leader in 5G technology and we are very pleased with this collaboration with Qualcomm Technologies, which also aligns with our commitment to bridge the digital divide globally.

The company has shown stellar growth on account of surging payment transactional volume due to the return of high demand and increased economic activities.

Interestingly, the company also managed to turn its year-ago quarter’s net loss of Rs 29 crore into a profit of Rs 15 crore for Q1 of FY2023.

Company has signed an MoU with the Government of Gujarat to invest Rs 500 crore in electric vehicle research and development in Gujarat.

The total traded volume for the day stands at a staggering 87 lakh, which is the highest single-day traded volume in almost the last five months.

The stock also witnessed a triangular consolidation pattern of 27 trading sessions and has been trading above its 20-DMA. Moreover, the 20-DMA is on a rising trajectory. The daily 14-period RSI is seen rebounding after forming a base at the nine-period average thereby, supporting the positive bias.

The bottom line is that whether the stock is enjoying a period of luck just like Bumrah or something is really turning around for the company

The stock of Mahindra & Mahindra Financial Services Ltd jumped over 10 per cent in the last week. With this strong upmove, the stock has broken out of a nine-week consolidation and 33-week cup & handles-like pattern with a massive volume last week.