Price gave a very big breakout of longterm resistance previously
After that it has now made a very strong base and looks like it is breaking out of base, base has not formed near resistance but overall base is strong enough
mcap 36cr
cmp 31 vs book value 16.1
stock pe 15.8 vs industry pe 37.4
dividend 0
debt 0
promoter holding 69.8 vs 73.6 in MARCH 2017
Fundamentals are not much attractive but chart seems very positive
Took very small position, will add/reduce accordingly
bought yesterday
After that it has now made a very strong base and looks like it is breaking out of base, base has not formed near resistance but overall base is strong enough
mcap 36cr
cmp 31 vs book value 16.1
stock pe 15.8 vs industry pe 37.4
dividend 0
debt 0
promoter holding 69.8 vs 73.6 in MARCH 2017
Fundamentals are not much attractive but chart seems very positive
Took very small position, will add/reduce accordingly
bought yesterday