Given the relatively better performance of the midcap stocks’ universe when compared to the main indices, some rebound in price in this stock cannot be ruled out when supported by important technical developments on the charts.
Expert: Milan VaishnavIt was a tough day for the market as Nifty ended with a modest cut after failing to capitalize on the strong start that it got on Thursday. What was good was that the market breadth remained much better. The Midcap 100 index outperformed the frontline indices. The stocks from the broader markets are showing relative outperformance, and the brewery company is one such stock that is on the verge of a fresh breakout.
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