Q: Hi, Any thoughts on Topicus stock, breaking out of $98-99 level, to a high of $107, with 8% jump in past 2 trading days, on reasonable volume ? Do you believe that stock is getting re-rated along with CSU/LMN family. Both CSU and LMN are trading at all time highs. TOI's 52 week high was $110, June 29, 2023 with All Time High of $142 on Nov 3, 2021. Thank You
5i Research Answer:
It can be difficult to confirm a break out over such a short period of time, and volume really has not been that significant, but we like what we see here. As the other group companies run, and tech in general breaks out, conditions should be good for TOI to see some gains. It reports fairly soon (Feb 6) and some investors may be positioning for the quarter.