The proposed Capex will increase the manufacturing capability of Quartz kitchen sink to 7,00,000 units per annum. The purpose of the expansion is to meet the increasing demand of Quartz kitchen sink in the international and the domestic market. A few of the notable marquee investors include Sunil Singhania (Abakkus Fund), Ashish Kacholia, and Varun Daga, who hold 6.45 per cent, 4.14 per cent, and 2.65 per cent, respectively in this stock.   

As an established player of significant scale, the company is set to benefit from various tailwinds in the Indian market. The medical devices export from India outpaces global market growth with a 5-year CAGR of 13 per cent as against global industry growth of 5 per cent mentioned in the investors' presentation of the company.  What is more exciting about this stock apart from the surge in total traded quantity is the delivery quantity and percentage of delivery quantity to traded quantity. This is the highest holding by FII/FPI since December 2019.

From the low of Rs 64.50, the stock of Bank of Baroda has seen nearly 38 per cent upward momentum in just six trading sessions. Read onto know more about what the technical chart of the stock indicates. 

The stock of Aditya Birla Fashion & Retail Limited (ABFRL) has gained over 10 per cent in the last two trading sessions. Read onto know more about what the technical chart of the stock indicates.

Moreover, there has been a negative divergence between the daily RSI, daily stochastic and the stock price movement, which suggests a limited upside. A negative divergence occurs when the price is making a higher high, while the indicators form a lower high.

Though RBI maintained its accommodative stance in the MPC meeting, but do you think, it hints towards a further hike in repo rates in the future? Let’s find out. 

As per O’Neil methodology, the buyer demand is A, which indicates strong institutional interest. The FPI/FPI investors have increased their holding from 30.59 in September 2020 quarter to 32.78 per cent in December 2020 quarter. Similarly, the mutual funds have increased holdings from 9.53 per cent in September 2020 quarter to 10.42 per cent in December 2020 quarter.

Biocon Biologics, a fully-integrated biosimilars company and a subsidiary of Biocon Limited announced that it has signed an agreement with Clinton Health Access Initiative to expand access to lifesaving cancer biosimilars in over 30 countries in Africa and Asia as a part of Cancer Access Partnership (CAP).   

The key economic news on India for the week ended February 5, 2021.

Given the fact that the stock has started to outperform in the recent past on the back of a huge volume spike certainly indicates interest for this stock; however, it has reached a very crucial juncture. This juncture is known as a ‘change in polarity’. The principle of change in polarity states that once breached, a support level becomes resistance and vice-versa i.e. the resistance level becomes support.