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Momentumisers: Key factors behind Birlasoft's surge
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Momentumisers: Key factors behind Birlasoft's surge
Nov 24, 2021 2:49 AM

Birlasoft is in focus, considering it was nearly 10 percent up yesterday at a lifetime high and in fact, moved up as much as 19 percent in the last five days.

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In the last five days, we have also seen a surge in volumes. In fact volumes on an average, we are looking at 2.8 times as compared to its one-month volume.

Similarly, its deliverable volumes are also at around 2.1 times. So there certainly has been a lot of increased interest in the stock of late.

Also Read: Top stock tips by Sudarshan Sukhani, Mitessh Thakkar: NMDC, Bharti Airtel, Birlasoft and more

In terms of the support for now, we are keeping an eye on the three-day low of around Rs 441. The 20-day moving average (DMA) is also at around Rs 438. It is a little away from its current market levels at Rs 500. Of course, the reason behind these gains is strong deal momentum as well as improved visibility in terms of earnings.

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(Edited by : Dipikka Ghosh)

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