Adtech Systems: A micro cap for study
Adtech Systems a 105 Cr market cap Company is looking good at current valuation. Promoters are holding around 68% stake and not reduce their holding despite stock corrected upto 60% from all time high. Major shareholders holding around 17% stake. Only 15% is free float. Company face value is Rs 10 and paid dividend also. Company is not owing any debt. All these factors are looking good to reclaim the previous all time high zone. Most of the Peer companies are trading at very high PE comparatively.
Technically, Stock is consolidating since last 4 months in a range. A big rounding bottom pattern can also be seen on chart. Bolliger band is also squeezing on daily time frame indicating volatility soon. RSI is also above 55.
Keep on radar for study and share in the comments.
Technically, Stock is consolidating since last 4 months in a range. A big rounding bottom pattern can also be seen on chart. Bolliger band is also squeezing on daily time frame indicating volatility soon. RSI is also above 55.
Keep on radar for study and share in the comments.
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