C&H Formation on Yearly Basis. Strong Price BreakOut & Sustained. Vol. Consolidation & Continued BuiltUp.
Strong Resistance @160.
Trail SL with Upside. Book Profit as per Risk Appetite.
AL is vertically integrated textile Co. Vintage: ~8 Decades in this industry. Largest denim manufacturers in world. Sales: Export/Domestic: 51%/49%. Stable Sales/Profit: Qtrly/Yearly (Growing) Basis. Sharp reduction in Debt. Improving TNW for FY23. +ve CF from Ops. Satisfactory WC Cycle.
Capex plan: ~₹150-₹200 Crs each - FY23-FY25. Owns 525,000 square yard free-hold land in Gandhinagar, Developing 353 villas in ~330,000 square yards. Stable Promoters Stake. FIIs/DIIs Stake: Increasing.
Do Your Own Research as well. This is an Opinion. Happy Investing 😇