This article explores why 10 stocks have witnessed a decline in RSI and why assessing stock movements based on RSI is crucial. Join us as we analyze these stocks, offering insights for potential investors in their decision-making process.
Analysts attribute this strong divergence of performance between two pockets of the market to a combination of solid corporate earnings and active participation of both local and institutional investors in the India growth story which goes well beyond bluechips.
As far as order books are concerned, JBM Auto currently leads with 5,000 electric bus orders both from state transport undertakings and private entities. Tata Motors’ order book stands at 2,600 e-buses; it has delivered over 900. PMI, which has delivered 1,200 e-buses across the country, is sitting on an order book of about 2,500 e-buses. Switch has over 1,000 orders in hand, and EKA Mobility & Pinnacle has about 500.