The stock is forming Cup and Handle pattern on charts and if we take handle to complete as our target then it's almost 10-12% returns, which I expect it to give in around 2 months time.
If you can keep the stock for short to medium term then you can even see the stock hitting 4 digit mark.
The fundamentals of the company is good. Though the promoters have decreased there holdings a little but FIIs and DIIs have increased there holdings which is a positive sign. Sales figures QoQ and YoY have also gone up. Reserve and Surplus have also increased which is also a positive sign. Contingent liabilities of the company stands minimal at 26 Crores which is almost negligible. Debt Equity ratio of 0.02 signals a healthy balance sheet. There are few negatives but so many positives along with current momentum in stock can't be overlooked. Surely a stock to watch out for.
I am not a SEBI registered analyst. The view here is my personal view and is not a trading or investment advise to anyone. Please consult your financial advisors before making any position.
If you can keep the stock for short to medium term then you can even see the stock hitting 4 digit mark.
The fundamentals of the company is good. Though the promoters have decreased there holdings a little but FIIs and DIIs have increased there holdings which is a positive sign. Sales figures QoQ and YoY have also gone up. Reserve and Surplus have also increased which is also a positive sign. Contingent liabilities of the company stands minimal at 26 Crores which is almost negligible. Debt Equity ratio of 0.02 signals a healthy balance sheet. There are few negatives but so many positives along with current momentum in stock can't be overlooked. Surely a stock to watch out for.
I am not a SEBI registered analyst. The view here is my personal view and is not a trading or investment advise to anyone. Please consult your financial advisors before making any position.