In Dye & Pigments segment, scrip is doing well fundamentally. Reduced debt, higher turnover, good margins, reasonable book value, back in dividends, liquid volumes, it promises to go above 165 in few months timeframe.
Technically, it seems corrected, given a price and volume breakout on 06-03-2017, poised above MAs, enticing to enter and hold with patience.
Keep a stoploss of Rs 120 present price being Rs 133.
Technically, it seems corrected, given a price and volume breakout on 06-03-2017, poised above MAs, enticing to enter and hold with patience.
Keep a stoploss of Rs 120 present price being Rs 133.