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Vishnu Prakash R Punglia is a construction company that is primarily engaged in infrastructure projects for the central and state governments. The company is focused on water supply projects and is benefiting from various government initiatives.

Proceeds from the fresh issuance will be utilised for purchasing capital equipment, funding the working capital requirements of the company, and the balance for general corporate purposes.

The stock has given a flag pattern breakout

Gujarat Industries Power Company, incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 1839.21 Crore) operating in Power sector

A total of 6,603 shares changed hands on the counter till 10:10AM (IST)

The Nifty Auto index was trading 0.39 per cent up at 15558.8.

​It is a 2-day candlestick pattern in which there is a long green candle on the next day within the range of the previous day but that closes below the midpoint of the previous day’s candlestick body.​

The stock is trading in a W pattern on a weekly chart and forming a base near its previous resistance zone, which is a bullish sign. An early sign of upmove is visible on the relative strength chart in comparison to Nifty50 and good support of short-term EMA’s 10 and 20 is seen on every decline.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

​ 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. ​