Price action shows there is an accumulation going on in the stock and it is respecting the support line(Trend line) very well once the resistance is broke we may see a good upside move. Now, talking about the fundamentals . Pros:-
Company is almost debt free. Company is expected to give good quarter Company has been maintaining a healthy dividend payout of 28.49% Debtor days have improved from 54.58 to 39.90 days.
Cons:-
*The company has delivered a poor sales growth of 1.73% over past five years. Earnings include an other income of Rs.128.83 Cr.