KRBL about to zoom

25 2 0
Basmati rice stocks are expected to give a good H1 with orders from key importers expected in March-May.... Prior to Ramadan months..... Following stabilising prices.....

Krbl             has considerable inventory at lower levels so expect decent bottom line and operating margin growth. Further as capex capital is not foreseen in next few years... Net debt levels should also reduce .....breakout can be seen in the graph.... Expect a value of 280-300 in short term.... Technical take from a fundamental student...
Further price correction to 210-235 levels on card... hold back from re-entering the stock. .. will look to re-enter at 200-220 levels.
Target Achieved and profit booked on trade... long only position held since last 7 years 30% booked for allocation to similar growth stock.... fundamentally room for the stock to perform with basmati commodity price... placed well in both the up and downside in commodity pricing.... ideal re-entry level for swing @ 245-255 levels. :)
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