A promising range breakout formation and long bullish candle are indicating further upside from the current levels. For the breakout traders, 415 would be the key level to watch. Overall chart structure suggests if the stock sustains above the same, then the breakout continuation texture is likely to continue up to 460-480.

For the quarter ended June 30 2022, the company reported consolidated net sales of Rs 1,228.23 crore, up 20.89 per cent from the year-ago quarter's net sales of Rs 1,015.91 crore. The company reported a net profit of Rs 164.45 crore for the latest quarter.

The Nifty IT index closed 0.05 per cent down at 29116.85.

The government has banned the export of broken rice and imposed a duty of 20 percent on exports of non-basmati rice amid fears of a continuing rise in retail prices

The government on Thursday prohibited exports of broken rice and imposed a 20% levy on shipments of unmilled and husked brown varieties, according to release.

In a statement, Large and Medium Industries Minister Murugesh Nirani, who chaired the meeting, said 41 investment proposals above Rs 15 crore were approved with promised investment of over Rs 1,062 crore and 4,311 jobs expected to be generated.

The government is discussing curbs on broken rice exports, which account for almost 20% of Indias shipments abroad, as local prices have soared, said the people, who asked not to be identified as the information is private. Talks are in advanced stages and a decision may be announced soon, the people said.

Bajaj Electricals shares rallied 6 percent to close at seven-month high of Rs 1,226.15 and has broken a long downward sloping resistance trend line (adjoining September 17, 2021 and August 8, 2022) with long bullish candlestick pattern formation along with strong volumes on the daily charts. Also it has given a Flag and Pole breakout on the daily charts, which is generally a positive indication.

"EBITDA margins in FY2022 were affected by the trend in export sales. With a new distributor appointed earlier this calendar year in the key market of Saudi Arabia, export business is witnessing improvement in sales. This should lead to improvement in EBITDA margins. Overall, we can expect the current financial year to demonstrate improvement in profitability over the preceding year."

The couple has been holding the owner of India Gate Basmati rice brand at least since the December quarter of 2015, data compiled by Trendlyne suggested. They have been holding on to about a 4 per cent stake in the company at least since the previous eight quarters.

Advani Hotels and Resorts rallied after RK Damani picked a stake in the company, whereas Solara Active Pharma continued to hit its upper circuit

SH Kelkar hit the upper circuit following a bulk deal on the counter while the party in Mangalam Organics shares continued

Total income also fell to Rs 1,059.22 crore in the second quarter of this fiscal year from Rs 1135.94 crore in the corresponding period of the previous year.

This is follow-up on KRBL. Can check link to related ideas. Target 1 achieved. More than 30%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.