Equitas Small Finance: Bounce-back potential
Technical/Fundamental play
Stock dipped post poor earnings, and may remain in this zone until post ex-div date. I will start adding from monday and go heavier post ex-date.
Few points:
Stock at '23 levels and strong support zone
RSI at 26 (Lowest RSI in stock history)
On avg analyst pricing this stock at 100rs (21% upside)
Personal px tgt at 90rs (11% upside) accounting for margin of safety
Stock dipped post poor earnings, and may remain in this zone until post ex-div date. I will start adding from monday and go heavier post ex-date.
Few points:
Stock at '23 levels and strong support zone
RSI at 26 (Lowest RSI in stock history)
On avg analyst pricing this stock at 100rs (21% upside)
Personal px tgt at 90rs (11% upside) accounting for margin of safety
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