Special Situation Pick - Aavas Financiers Ltd. (Open Offer)
- A Techno - Funda pick for medium to long term with a risk (stoploss) of 7% from CMP i.e., 1766(Open offer price).
- Technically a Stage 2 stock with a double bottom (more likely that this will work)
- With Fed rate cuts RBI likely to cut rates as well, Affordable housing finance companies likely to benefit from rate cuts as it will decrease cost of borrowing for them.
- Fundamentally also a cheap valuation company compared to peers.
- A company with a solid management track record.
# Just for information purpose. Please DYDD. Happy Trading Readers!
- Technically a Stage 2 stock with a double bottom (more likely that this will work)
- With Fed rate cuts RBI likely to cut rates as well, Affordable housing finance companies likely to benefit from rate cuts as it will decrease cost of borrowing for them.
- Fundamentally also a cheap valuation company compared to peers.
- A company with a solid management track record.
# Just for information purpose. Please DYDD. Happy Trading Readers!
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