Technicals: Firstly, The chart has broken channel and then retested the upper trend line of the channel and confirmed it as support and it started moving up indicating a positive move to upside. A further positive close above the channel shall lead to the prices to go up to 200-225 levels, with technical stop at 160 levels.
Fundamentals: The company has reduced the debt with a large number of approx. 10000 cr. found in the last year balance sheet. It is still in a process to reduce further debt, which shall improve the bottom line of the company. Real Estate sector expected to improve after 5 years of sluggish run, which may uptick the revenue of the company. The company is trading near to book value which is another plus point in long term investment. It is assumed that the price shall trade at least 2-2.5x to its books value, which may bring the prices to around 300-350 levels in coming time.
Trade active
⋅
Today, started sharply, looking strong.
Comment
⋅
Reached upto technical target of 200. Now it may further move up to 225-250 once it closes above 200 levels.
ur last post when u left TV was real estate one(hdil) and u came back with real estate post(dlf) ... btw welcome back bro
NeeteshJain
⋅
@KumarAbhilash, Yes, well noted :)
My family business is also Real Estate, hope it may further sound epic :)
Thanks mate, hope your doing well. Regards
MCM99
⋅
Welcome back Neetesh, after a long time :-)
NeeteshJain
⋅
@MCM99, Thanks mate, Yes I took a long break but it was worth it. Now, glad to be back to share and grow with passionate liked minded friends. Hope you're doing well too. Regards
akshay.lakhina
⋅
Welcome back Bro, missed you :)
NeeteshJain
⋅
@Akshay.lakhina, Hi Akshay, Hope you're doing well. Regards
vanathi
⋅
Welcome back. I am a huge fan of yours and hope you will write more :)
NeeteshJain
⋅
@vanathi, Hi Vanathi, I need to tell you that you have great dedication towards your craft, which will surely take your work to another level with time. Wish you the best. Regards
sravanreddy.226
⋅
Sensible analysis with the touch of Technicals + Fundamentals