Price is moving inside an ascending broadening wedge pattern possible forming a large WXY corrective pattern.
X wave has not completed yet. It can end somewhere between 800-900 levels.
Fundamentals are improving, margin pressure is still there. Borrowings increased due to big CAPEX.
It is the market leader and the largest manufacturer of Polyurethane Foam in India.
Robust growth plans by acquisitions & capacity expansions.
Good to accumulate around 800 - 900 levels for the following targets:
Short term target @ 1930 (140% ROI)
Long term target @ 3210 (300% ROI)
Very long term target @ 6870 (750% ROI)
Public shareholding is just 3.68%
Do your own due diligence before taking any action.
Peace!!
X wave has not completed yet. It can end somewhere between 800-900 levels.
Fundamentals are improving, margin pressure is still there. Borrowings increased due to big CAPEX.
It is the market leader and the largest manufacturer of Polyurethane Foam in India.
Robust growth plans by acquisitions & capacity expansions.
Good to accumulate around 800 - 900 levels for the following targets:
Short term target @ 1930 (140% ROI)
Long term target @ 3210 (300% ROI)
Very long term target @ 6870 (750% ROI)
Public shareholding is just 3.68%
Do your own due diligence before taking any action.
Peace!!