CARE RATINGS LTD
Long
Updated

Care Rating - Fundamentally undervalued and technically good now

153
Chart is pretty self explanatory. Fundamentally pretty undervalued compared to peers, but legacy issues during IL&FS and NBFC crisis still an overhang on the stock. But the new management is pretty good.

Disc - Not a sebi registered analyst. Just sharing my views. Already took a position at 450, as i saw the reversal and entered the trade.
Trade closed: target reached
Reached First target today at 495. Closing the trade and moving to another trade. 10% in 12 days is good enough for me.

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