ADVANI HOTELS - ready for multibagger gains

ADVANI HOTELS is a hotel stock listed on the indian stock exchanges.
It was initially known as RAMADA INDIA LTD, then changed its name to ADVANI HOTELS.
The company was formed by Advani's in collaboration with Ramada International.

Technical part :
all time high registered after adjustment of splits is 106 and all time low is 20.
106 was in the year 2007.
now in 2023, the stock has closed above this level at 110.35, and may see some strong buying from institutions or HNIS leading to some serious changes happening in the company so that the price may touch 200-300 levels after this prolonged period of 16 years since 2007.
The buying zone comes at 90-110 keeping stoploss at 75 for multibagger gains.

Thanks

הערה:

touched high of 171 on 30 jan 2024