MarketsmithIndia Articles

What made Goldiam International Gain 16% Today?.. Buyback?

September 08 2021 | Reading Time: 2 minutes
Goldiam International had an impressive performance today in Dalal Street as it made a lifetime high by increasing about 16%, the board is set to meet on the 13th of September 2021 and discuss a proposal for buyback of equity shares which made the shares trade in green today.
Goldiam International has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 96. In the last twelve months, the stock has soared over 492.4% as compared to 52.3% for the Nifty500. The EPS Rank of 99 is exceptional indicating strong outperformance in earnings growth.
Today, Goldiam International stock closed 16.5% up on a 418.7% greater volume than the 50-day average. A leading stock that moves up in heavy volume is often sending a signal that big institutions are accumulating the stock. For now, you may want to analyse the stock in detail so that you can act when it offers an entry point

What do you think? Please email us any questions or comments.

Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.For more information, see our Legal disclosures here.

Related Article