The stock hit a record high of Rs 578 today. The stock hit a 52-week low of Rs 223 on 19 September 2022.

The stock had outperformed the market over the past one month, advancing 12.85% as against Nifty's 4.67% rise.

The scrip had outperformed the market in past three months, soaring 68.38% as against Nifty's 9.31% increase.

The counter had also outperformed the market in past one year, jumping 98.97% as against Nifty's 21.25% surge.

On the technical front, the stock's daily RSI (relative strength index) stood at 73.94. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50 day, 100-day and 200-day simple moving average (SMA) placed at 454.48, 378.03 and 335.37, respectively. These levels will act as crucial support zones in near term.

Onward Technologies is a software outsourcing company, specializing in digital and ER&D services.

On a consolidated basis, the company's net profit surged 124.84% to Rs 7.24 crore while net sales rose 38.76% to Rs 121.37 crore in Q4 March 2023 overe Q4 March 2022.