As per my technical analysis, NSE:VISAKAIND is now given a breakout above level of 80. 90 is not best entry level with stop loss of 79 (-11 points risk only). My expected upside target would be 97 & 119. This could be low risk and high reward trading idea.
Note: This is my personal analysis, only to learn stock market behavior. Kindly do your own...
Visaka Industries CMP 637.1 is a company into cement and cement products which has a turnover of around Rs 1101 Crores. The company is trading at attractive valuations of PE of around 8.8. It is a low debt company where FIIs are increasing their hold. EPS of the company is growing strongly. Cash flow of the company is also increasing for operating activity. X/2...
