I'm buying this stock between 850-855 levels. The stock has posted 55% growth in sales and 117% growth in profit, the company has an ROE of 11.17%. Institutional demand is also up. 2018 annual profit was 93 cr. this year the company has done 121 cr in the last 3 quarters. I'm projecting Mar 2019 annual profit at 150 cr approx. so the projected growth in profit would be around 62%. stock is up 14 % since listing. we can expect a good 40/50 % upside from here. my stop-loss will be 800/808 levels. this trade is a combination of fundamental and technical analysis.
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Booked 50% profits @ 997. The stock has gone up 20% from its breakout point, looks a bit overextended. I will wait for the price to settle and enter again. Will keep you guys posted
Up 40% from the entry point. still holding 50% of my original position. Stock is up almost 100% from Oct 18 low. high chances of this stock becoming a super performer.