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Key factors behind Birlasoft’s push

Birlasoft is the center of attention, given it was up almost 10% yesterday to its highest level in life and in fact increased 19% in the past five days.

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

Likewise, its deliverable volumes are also around 2.1 times. So there has certainly been a lot of heightened interest in the stock lately.

As for support for now, we are keeping an eye out for the three day low around Rs 441. The 20 day moving average (DMA) is also around Rs 438. It is a bit far from its current market levels. at Rs 500. Of course, the reason for these gains is strong transaction dynamics as well as better visibility in terms of profits.

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(Edited by : Dipikka Ghosh)


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