Asian peers are buoyant in early deals on Tuesday and this optimism is sure to spill on to the Indian shores as well. SGX Nifty, which is currently trading almost with a gain of 10 points at 11,392 levels, is already reflecting it.

The company reported consolidated net sales of Rs 285 crore in Q1FY21, which declined by 10.85 per cent YoY from Rs 319.7 crore in Q1FY20.

Support is defined as a price level that may prompt a net increase in buying activity.

The consolidated net sales reported in Q1FY21 came in at Rs 435.60 crore, which declined by 30.83 per cent YoY from Rs 629.74 crore in Q1FY20. 

Due to the narrow range, Bollinger Bands have contracted, which indicates an early signal of a bigger move. Also, on the daily timeframe, the stock is on the verge of giving a breakout of the downward sloping trendline.

The stock of HCL Technologies has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

Ending Monday’s volatile session in the green, Sensex gained by 60.05 points or 0.16 per cent to close at 38,417.23 while Nifty inched up by 21.20 points or 0.19 per cent to settle at 11,355.05.

The agreement is to develop an integrated online marketplace platform by connecting cargo owners, shipping lines, clearing to forwarding agents, and road/rail haulers.

On Monday, PNC Infratech informed the bourses that its joint venture with SPML Infra Limited has been declared as the L1 (lowest) bidder for the construction of Haraulipur group of villages (total 125) water supply project. The total consideration for the project is estimated to be Rs 289.83 crore.

During Monday’s trading session, the domestic markets have been fluctuating between gains and losses. Even as Sensex and Nifty remained volatile, the stock of Wabco India touched its 52-week high.