New Delhi, Oct. 1 -- Shares of GRM Overseas have been on a roll this year, rising as much as 80 per cent year-to-date (YTD). The stock hit a 52-week high of Rs.397.60 on July 16 this year after hitting a 52-week low of Rs.175.95 on January 13.

On Wednesday, October 1, GRM Overseas' share price rose by over a per cent to an intraday high of Rs.363.70. Around 1 pm, the small-cap stock was 1.5 per cent up at Rs.363.70.

According to Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, the stock is indicating underlying strength.

Patel underscored that on the momentum front, the RSI has taken support at its 14-day average, coinciding with the 45-50 zone, which often acts as a base during consolidations. ...