TradingView
IdeasNeosagi
Aug 28, 2023 7:05 AM

Optiemus Infracom Ltd. Long

OPTIEMUS INFRACOMNSE

Description

*Optiemus Infracom Ltd.*

C&H Formation on Yearly Basis *Underway*.
Sharp Spike in Volumes. Continued BuiltUp to be Watched.

Strong Resistance @385.
Need 42% Upside to Cross Yrly C&H Price Trendline.

Trail SL with Upside.
Book Profit as per Risk Appetite.

Optiemus (1995); Engaged in Distribution of Mobile handsets - Nokia, Samsung, HTC.
Presence: 27 Regional branches,650 Distributors ~10,000 retail partners, ~700 service centres.
Has Mfg. capacity: 1.5 Mn handsets p.a. / 0.5 Mn tempered glass units p.m.

In Aug'21, New alliance with Wistron Infocomm Manufacturing (India) under Subsidiary: To invest ~Rs.1,350 Crs to manufacture mobile devices, IT hardware and Automotive-EV products.
Subsidiary selected under PLI scheme.

Do Your Own Research as well. This is an Opinion.
Happy Investing 😊
More