closed today, September 23, 2026, at ₹996.05, up a strong 6.07% (+₹56.95) from the previous close of ₹939.10, a sharp reversal that erases yesterday's dip and pushes the stock well past its recent trading range. This is a decisive, high-conviction move. A 6%+ single-day gain, following a volatile stretch that saw the stock swing between ₹885 and ₹971 over the past two weeks, suggests fresh buying interest rather than routine noise. The stock is now closing in on its 52-week high. At ₹996.05, it's clearly above its recent September range and getting meaningfully closer to its 52-week high of ₹1,085, a level it hasn't tested since earlier in the year. The broader trend has been strong. Over the past year the stock has returned around 38%, and today's jump adds to a pattern of resilience, the stock had already shown a bullish technical bias (14 bullish vs 2 bearish signals) heading into this week. Valuation is stretching further. At a P/E already in the 35-37x range before today's move, this rally pushes the stock into more premium territory, reasonable only if the market is pricing in continued strong earnings growth ahead. Volatility has been the theme all month, with the stock swinging sharply session to session, so while today's move is bullish, a single day this strong after a choppy stretch is worth watching for follow-through rather than treating as a confirmed breakout.

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