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“The market today is chasing growth and irrespective of the fact whether it is a midcap or a smallcap, the market is ready to pay them even premium to largecaps. That is typical of a very broad-based rally which is playing out and IT is not very different over here.”

The stock delivered multibagger returns to its investors, as in the last three months the stock surged nearly 200%, while it has rallied over 330% in the last two years. It has also rallied over 975% in the last three years.

The Relative Strength Index of the stock stood at 65.19 on Friday.

Exide Industries, incorporated in the year 1947, is a Mid Cap company (having a market cap of Rs 22614.25 Crore) operating in Auto Ancillaries sector.

A total of 4,196 shares changed hands on the counter till 11:06AM (IST).

The stock was trading in an overbought zone with day’s RSI and MFI at 73.6 and 81.8 according to Trendlyne data. A number above 70 is considered to be an overbought zone for the stock. BHEL is also trading above its 50-day and 200-day Simple Moving Averages (SMA) according to Trendlyne data.

​It is a one-day candlestick pattern in which there is a small red real body and a lower shadow extending from the body is formed at the top of an uptrend.​

​This indicates a bullish sentiment in these counters as the average traded and delivered quantity for 5 days, the cumulative open interest, and the price of the stocks have increased. ​

"The standout advantage for JFS is the extensive distribution network of its parent company, Reliance. With Reliance Retail boasting a customer base of approximately 25 crore and Reliance Jio with a base of around 44 crore customers, JFS has access to an enormous customer pool. This physical and digital reach can be a game changer, allowing JFS to quickly expand its customer base and offer a variety of financial services to a vast audience."

"Our view right now is that because the real estate sector has played out well, all these stocks have, in terms of valuations, are on a little stretched mode, not obscenely priced and so upside is limited. So it will be better to look at those options. We can find a lot of value in cement right now. "