KIMS shares give up gains after initial spurt;

Price of KIMS stock: The stock ultimately closed 0.27 percent higher at 1,931.90. 1,40,537 shares totaling Rs 27.33 crore were traded. The market capitalization (m-cap) of the company was Rs 15,436.16 billion.

With a particular emphasis on tier-II and tier-III cities, it offers interdisciplinary healthcare services. — *Technical analysts are mostly still ‘bullish’ on the KIMS stock price.*

During a tumultuous trading day on Monday, shares of Krishna Institute of Medical Sciences Ltd (KIMS) lost a large portion of their early gains. On the NSE, the stock increased 3.73 percent to an intraday high of Rs 1,998.55. Later, it dropped 1.69 percent to a low of Rs. 1,894.05.

The majority of technical experts continued to be “bullish” on the stock, predicting an upside objective of more than Rs 2,000. The counter’s support level was at Rs 1,891.

“On daily charts, Krishna Institute witnessed bounce above its medium-term Exponential Moving Averages (EMAs), indicating stock is witnessing buying around the support levels in the counter,” stated Ravi Singh, the founder of DRS Finvest.

“KIMS looks bullish on the daily charts with strong support at Rs 1,891,” according to AR Ramachandran of Tips2trades. In the short run, the aim of Rs 2,150 might be reached with a daily close over resistance at Rs 1995.

In terms of price, the counter was trading above the 5-day, 10-day, 100-day, 150-day, and 200-day simple moving averages (SMAs), but below the 20-day, 30-day, and 50-day SMAs.