Several BSE small cap stocks, such as Rico Auto Industries and KPR Mill, are moving closer to their 52-week highs, drawing the attention of market participants and investors. The companies have showcased strong operational capabilities and a positive outlook, making them intriguing prospects for future growth. Rico Auto Industries has expertise in manufacturing automotive components while KPR Mill specializes in the textile industry. Dynamatic Technologies, with a focus on precision engineering and aerospace solutions, has also demonstrated remarkable strength. The others nearing their 52-week highs are LG Balakrishnan & Bros, Ramkrishna Forgings, Power Mech Projects, and JBM Auto.
Experts suggest that KPR Mills, part of the garment industry, could head towards Rs 700 due to a breakout above the ascending triangle, which is a bullish sign. The stock hit a 52-week high of Rs 648 on 12th June and is trading above most crucial short and long-term moving averages. However, the Relative Strength Index shows the stock is close to the overbought zone, implying that profit booking may occur. The stock corrected by 38% after registering an all-time high of Rs 760 but has been moving up in a higher top/higher bottom pattern since Dec 2022, generating a 30% gain in the last seven months.
The board of directors of K P R Mill Limited has recommended 200% Final Dividend for FY 2022-23 i.e., Rs.2/- per equity share of Re.1/- each subject to the approval of the Shareholders of the Company.
KPR Mill Share Price: Find the latest news on KPR Mill Stock Price. Get all the information on KPR Mill with historic price charts for NSE / BSE. Experts & Broker view also get the KPR Mill Ltd. buy/sell tips detailed news, announcements, Forecasts, Analysts, Valuation, Earning forecasts, Estimates, Recommendations, Analysts Ratings, financial report, company information, annual report, balance sheet, profit & loss account, results and more.
Mold Tek Technologies is coming out of a triangle pattern formation on the daily chart, while on a weekly basis it has witnessed a breakout of a Bullish Flag formation with huge volume. The overall structure is very lucrative, as it trades above its all-important moving averages.