The stock of the packaged food maker rose from Rs 518 on May 7th to Rs 786 on August 7th, 2024, marking an increase of over 51% in just three months. After reaching above the 700 level in June 2024, the stock became range-bound but found support above the 40-DMA on the daily charts and rebounded. It recovered its losses and broke out of its consolidation range on the daily charts earlier this week, closing at Rs 785 on August 7th.
