Ambika cotton mills -Bullish structure
Updated
Ambika Cotton Mills is engaged in manufacturing and selling speciality cotton yarn catering to the needs of manufacturers of premium branded shirts and t-shirts. Exports constitute significant portion of the operations. The company operates with total installed spindle capacity of 108288 (Previous Year 108288 Spindles) of compact facility housed in four units and Knitting facility of converting 40,000 Kgs of yarn per day into fabrics.
Quarterly updates
Technicals
*Cup& handle breakout.
*Demand zone - 1200-1240
*Possible target:- 1450-1700-1850
*Keep Stoploss:- 1070(WC)
Only for educational Purpose
Quarterly updates
- Net profit up 177% to rs 29 crore YoY.
Declared 35 rs dividend
Technicals
*Cup& handle breakout.
*Demand zone - 1200-1240
*Possible target:- 1450-1700-1850
*Keep Stoploss:- 1070(WC)
Only for educational Purpose
Trade closed: target reached
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