BUY - DILIP BUILDCON LTD
CMP - Rs. 168
Target - 1: Rs. 305
Target - 2: Rs. 389
Target - 3: Rs. 526
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Technicals - 1) Bullish Harmonic Pattern - Navarro 200.
2) Targets set using Fibonacci Retracements.
.
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Fundamentals - 1) The stock emerged to be the lowest bidder for a highway project worth INR 7.8 Billion. This may be
justified by the fall in quarterly profits or the lack of funds required for taking on the project.
2) However, their annual profits have been consistently rising, and the new Budget for FY 2023-24 supports
infrastructure companies, indicating a rise in profits.
.
.
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CMP - Rs. 168
Target - 1: Rs. 305
Target - 2: Rs. 389
Target - 3: Rs. 526
.
.
Technicals - 1) Bullish Harmonic Pattern - Navarro 200.
2) Targets set using Fibonacci Retracements.
.
.
Fundamentals - 1) The stock emerged to be the lowest bidder for a highway project worth INR 7.8 Billion. This may be
justified by the fall in quarterly profits or the lack of funds required for taking on the project.
2) However, their annual profits have been consistently rising, and the new Budget for FY 2023-24 supports
infrastructure companies, indicating a rise in profits.
.
.
Follow me for more!
Note
Target - 1 achieved, DILIP BUILDCON posts a 121% rise in profit in Q1-FY24
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.