Good to see you digested 27th July dip and held on!
Recent announcement of JV by VEDL and Foxconn published they would have Chip Fab unit and outsourced semiconductor assembly and test facility.
From STL service offering details, no such assembly / test work they do, hence no synergy with that JV apparently.
Accumulation during August month seem on 5G spectrum allotment, which got completed swiftly – even SBM tweeted it pleasantly.
With no co-relation to mfg JV, yesterday spike seem to be a bull exhaustion candle and sentimental, coming days may make rotation in 182-192 and then resume up-move, with low probability of August sellers to get their sell-price back.
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