I see a sudden (and strange) increase in Jindal Photo’s share price, over the last one month period (from 140 to 240ish now)…
I couldnt find any news that is driving that, neither is their financial reports for the quarter ending June’21 is great.
What am I missing here?
Actually, in the stock market, you cannot really find a reason for everything.
Like 'This/that made the price go up/down. Different people will have different opinions and it’s close to impossible to find the ‘Real reason’
This is the reality.
I think I might have an idea about the rise in Jindal Photo’s share price. I’ve been following their move towards the digital photo frame market, which seems to be gaining traction recently. Their digital picture frame line might be helping them stand out in an otherwise stagnant market. While their financials weren’t great a few months ago, this shift toward tech-savvy products could be attracting investors who see long-term growth potential. It’s not a huge trend yet, but it’s definitely something that could drive the price up if they can capitalize on it.