The stock has also managed to close above the upper Bollinger band and started the band walk, which is a very bullish sign. Interestingly, the daily RSI has given downward sloping trendline breakout, which is also bullish.

Domestic benchmark indices end their gaining streak as Sensex closed in red at 37,871.52, down by 58.81 58.81 points or 0.16 per cent from its previous close while Nifty dropped by 29.65 points or 0.27 per cent to settle at 11,132.60.

Momentum in the share price can be expected to continue as the buyback is proposed at Rs 1,000 per equity share, which is at 22 per cent premium from its Tuesday closing price.

India’s leading integrated travel services company, Thomas Cook (India) Limited and its Group Company, SOTC Travel Ltd, have partnered with ICMR accredited medical centres pan India, becoming the first travel service providers to offer seamless, end-to-end COVID-negative certification services.

The shares of Majesco Limited were locked in at an upper circuit band of five per cent at Rs 421.20 for the second consecutive day on Wednesday.

The consolidated net sales reported in Q1FY21 came in at Rs 9,278.77 crore, which declined by 6.7 per cent YoY from Rs 9,945.56 crore in Q1FY20. 

Interestingly though, the company is yet to report its Q4FY20 as well as FY20 financial numbers. The company notified about its board meeting cancellation via an exchange filing made on June 25, 2020.

The shares of Unichem Laboratories surged almost 3 per cent from its day’s low on Wednesday after the company announced that it has received abbreviated new drug application (ANDA) approval from United States Food and Drug Administration (USFDA) to market its Amiodarone tablets, USP, 200 mg.

The consolidated net sales reported in Q1FY21 came in at Rs 10,731 crore, which increased by 3.54 per cent YoY from Rs 10,364 crore in Q1FY20. 

Tata Motors Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.