INOX India share price rebounds from 52-week low. Do you own?

INOX India share price on Tuesday’s session witnessed some value buying at lower levels during a volatile trading session, which helped the stock rebound from its intraday low levels. INOX India share price today opened at ₹893.15 apiece on the NSE, the stock touched an intraday low of ₹892.60 per share, and an intraday high of ₹911.25 per share. 

Prashanth Tapse, Research Analyst, Senior Vice President of Research at Mehta Equities explained that INOX India share price has rebounded from its 52-week low, and its immediate support is at ₹875. If this level breaks, the stock may see further downside towards ₹850 and ₹810. However, if ₹875 holds, the stock has the potential to move towards ₹900- ₹925, with further upside possible beyond ₹950. Investors should watch this support level closely and consider a buy-on-dips strategy if it holds, while keeping a strict stop-loss in case of further weakness.