Based on the upcoming movement, Salik's stock promises more growth. From a technical point of view, if it returns to the price of 3.30, it is possible to buy a transaction with low risk.
Lets not rush to buy this stock, resistance is very near at 3.20 Salik will soon release its financials and I am expecting it to be good. Good chances it can open with gap up and then we may see a continuation to the upside. For now taking any entries at current levels will be risky as it can again hit the resistance to get rejected and come lower. So lets be...
Salik is still positive and I think very soon it will make another big move, right from the support area we are witnessing some buying pressure which is a good indication that bulls are around and charged. Very soon it will visit 3.50 zone.
Hit like & follow guys ;)
It is a good entry point if it bounces from the channel bottom
If it breaks the channel then we can expect some bearish run as the market overall is running a bear trend
It was going so strong, but last week due to the IPO that was announced (ADNOC L& S ) people started to liquidate their positions to grab this IPO most of the positive stocks also suffered along with it. Anyhow its still looking positive to me it will rebound at support zones.
Hit like & follow guys ;)
SALIK earnings on 31 May
It will make a run in bullish direction until the earnings come
Ride the bull run but if the channel is broken then there is a chance it might drop and only can run again on positive Earnings on may 31 , mark your calendar
Salik is been trending higher and its still holding at current levels. Overall this is one of the bullish stocks in DFM and more upside is expected from here. Any dip from here is buying/adding opportunity, go for it !!
Hit like & follow guys ;)
The current share price of SALIK stands at 2.90, reflecting the overall market sentiment towards the company. With a market value of 5,329,289.81, SALIK has managed to garner significant interest from investors, as evident from the trading volume of 1,845,923 shares. This substantial volume indicates that the company's shares are actively being traded, showcasing...
Over the past year, the earnings growth (24.2%) of Salik has exceeded that of the Infrastructure industry. Its current net profit margins (83.6%) are higher than last year (80.6%). SALIK has more cash than its total debt. SALIK's debt is well covered by operating cash flow (36.2%).
SALIK is trading at AED2.26 which is below estimated fair value (AED3.53).
Resistance of 2.26 was broken earlier this was a early sign that bulls are coming. Todays closing is very positive and more upside is coming. Bullish!!
Hit like & follow guys;)
Salik have finally broken the resistance of 2.26 and now its ready for its bull journey from here. Tomorrow i think we should see a continuation from the current levels. It may open with a small gap down but i think this will be a buying opportunity.
Hit like & follow guys ;)
Its at a very good support area, infact its been holding the zone for so many days. Todays closing is positive if it opens flat or with small gap up this can go higher. Early bird entry should be planned once it crosses 2.8 to catch the trend.
Hit like & follow ;)
If we compare the last 3 IPOs that is Dewa, Tecom, Union Coop. Salik is performing very well infact it started to recover in just 3 days after the listing. Its at a support level now and if tomorrow market is positive and if it opens flat or with a small gap up I think we will see buying momentum but incase if it opens with a gap down stay out of it till we see...
The public offering of Dubai's Salik, which raised 3.735 billion UAE dirhams ($1.017 billion), started today at 2.40 UAE dirhams ($0.65) per share. It is up 20% from its IPO price.
The company's IPO was over-subscribed by 49 times. It also announced that it would allocate a minimum of 1,000 shares to its subscribers in the first and second batches.
In the first...
