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IRB Infrastructure stock rose from Rs 26 as on 11 August 2023 to Rs 34.10 recorded on 11 September 2023 which translates into an upside of about 30% in a month.
The stock is also consolidating around the breakout area of 1170. The stock hit a high of 1165 in September 2022 but it failed to hold on to the momentum. It found support above 950 levels before bouncing back.
The stock also climbed above the 50-DMA on 30 August 2023 which suggests that the short-term momentum is on the upside. The stock hit a record high of Rs 436 on 7 September 2023.
A trader by the name of SOAMJENA put in a market order to purchase the 67000 call option for just Rs 4-5. However, a "fat-finger" or typing error caused the order to send the premium skyrocketing to an astounding Rs 209 in a matter of minutes.
The PSU stock rose from Rs 33.85 on August 4, 2023, to Rs 41.10 recorded on September 6, 2023, which translates into an upside of over 21% in a month. It has rallied by about 40% in the last 3 months.