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Medium to long-term investors can look to buy the stock now or on the decline for a possible 12-month target of Rs 184 in the 9-12 months, they say.

The stock quoted a 52-week high price of Rs 722.95 and low of Rs 336.55.

​GCPL has been progressing well toward improving its India business sales growth in recent years. Disruptive innovations, access packs, and higher but concentrated ad spending should result in consistently healthy growth in this high-margin and high-ROCE domestic business.

Sunil Bohra says: “The PV seating business has overall a potential between Rs 8,000-10,000 crore in the country. As of now, what we are doing, this small mechanism has Rs 30-40 crore of revenue potential in next two years. But it puts us into that platform where we can make a big entry into the large segment. This definitely can become a huge revenue growth forward.”

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

The Relative Strength Index of the stock stood at 79.54 on Tuesday.

Shares of Infosys, which will announce its December quarter results on January 11, are flat on a year-to-date basis. In the second quarter, the Bengaluru-based company had reported a 3% growth in consolidated net profit at Rs 6,212 crore. Consolidated revenue grew nearly 7% YoY to Rs 38,994 crore.

On the technical charts, the RSI of the stock stood at 66.39.

Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session.

Innova Captab IPO is a combination of fresh issue of equity shares worth up to Rs 400 crore, and an offer-for-sale (OFS) of up to 9,600,000 equity shares by the promoter and selling shareholders.