Major uptrend was witnessed in Kapil Raj Finance Ltd (BSE:539679)a three decade old financial services company based in Delhi on
Wednesday trading. The scrip has climbed 20% to a 52-week high of Rs 42.30 as against a previous close of Rs 35.25.
The company had reported Rs 33 lakh net profit for September quarter on sales of Rs 56 lakh. It is trading at a Price Earnings Multiple (PE) of 57.88.
On technical charts, Relative Strength Index (RSI) of 71.72 indicates bullishness, ADX of 27.81 indicates range bound trading, MACD line has witnessed a bullish crossover signaling a buying opportunity. Prices are ruling much above 50 DMA of 31.69.