GRANULES Surges 1.72%: Volume Alert & 2.54x Volume Analysis

Executive Summary

Granules India Limited (GRANULES) experienced a notable intraday movement of 1.72% today, significantly outperforming the Nifty 50 index. This upward shift was supported by a robust relative volume of 2.54x, indicating strong conviction among investors. The stock's performance appears to signal a potential breakout, as it has surpassed key technical levels, suggesting renewed interest and momentum in the market.

Key Drivers Behind the Move

• Granules India shares rise as board approves fundraising of up to ₹1,462.5 crore; all you need to know
  Source: Upstox • 22 Dec
• Granules India Schedules Board Meeting on December 23, 2025, for Fundraising Discussion
  Source: scanx.trade • 23 Dec
• :: SEBI Investor | Home
  Source: SEBI • 21 Dec

• Technical Breakout: Volume spiked to 2.54x the 20-day average, signaling strong participation.
• Sector Context: Intraday Scan sector activity is influencing price action.

Technical Analysis & Price Action

During today's trading session, GRANULES opened at ₹611.5 and reached a high of ₹621.0, reflecting a bullish sentiment among traders. The stock's movement above the Volume Weighted Average Price (VWAP) of ₹616.43 indicates strong buying pressure. Notably, the Morning Intraday Breakout was confirmed, as the stock cleared the initial 30-minute Opening Range, further solidifying the bullish outlook. The 15-minute Relative Strength Index (RSI) reading of 70.9 suggests that the stock is entering overbought territory, which could imply either a continuation of momentum or a potential pullback in the next session. Traders should monitor this RSI level closely, as it can indicate the strength of the current trend and possible reversal points.

Figure 1: FindNex Intraday Volume Analysis

Sector & Macro Overlay

The Intraday Scan sector is currently exhibiting characteristics of a defensive market, where stocks tend to perform well during uncertain economic conditions. Granules India operates in the pharmaceutical sector, providing essential products that maintain demand regardless of economic fluctuations. The recent fundraising announcement could be a strategic move to bolster its financial position and expand operations, which aligns with the current market sentiment favoring companies that can sustain growth even in challenging environments.

Key Market Metrics

FindNex Intelligence: The Data Edge

FindNex algorithms flagged GRANULES early in the session due to a statistical deviation in volume (2.54x). While news headlines often lag, real-time volume analysis allows traders to spot institutional positioning as it happens. This proactive monitoring enables traders to capitalize on emerging trends before they become mainstream news.

Risk Factors & Invalidation

While the current momentum is promising, traders should remain aware of potential risks. Key support levels are located around ₹610, and if the stock fails to hold above this level, it could indicate a reversal. Furthermore, if the broader sector shows signs of weakness, the bullish move may fade, and traders should be cautious of any sudden shifts in market sentiment.

Market Interpretation & Outlook

The movement in GRANULES suggests a potential trend continuation, driven by strong institutional interest and favorable technical indicators. However, the high RSI level indicates that a pullback may be imminent. Traders should closely monitor volume and price action in the next session to confirm whether the current trend is sustainable or if it is merely an overreaction to recent news.

Chart Validation: View GRANULES on TradingView ↗

Disclaimer: This report is generated by the FindNex Market Intelligence Platform for informational purposes only. It is based on real-time market data and public news feeds. This is NOT investment advice, a recommendation to buy or sell, or a research report. FindNex is not a SEBI registered Investment Advisor. Please consult your financial advisor before making trading decisions.