Stock Radar: Bombay Burmah rallies over 100% in 1 year, breaks out from Flag pattern. Time to buy?

This packaged foods stock has been on a tear, surging over 120% in the past year to hit a record high of Rs 2,972 on October 1st. Starting at Rs 1,261 in September 2023, the stock's upward climb has been remarkable. A brief consolidation period in mid-September formed a "Flag" pattern, a technical indicator that often precedes further gains. This strong performance and bullish signal suggest the stock's rally may continue.