FCL - Investment stock - Zero debt, strong balance sheet

amankavi Updated   
Expecting the scrip to surpass 52-week high with ascending channel as the small-cap company has strong fundamentals as also mentioned here :

"The company’s names is Fineotex Chemical which is also known as FCL. Let us put it this way the company is one of India’s largest textile chemical manufacturer which provides customised solutions to the entire gamut of activities in the textile sector"

"Rs 22 crore equity, Rs 11 crore shares because it is Rs 2 face value, zero debt, consistent dividend paying company. Earnings per share of around Rs 1.80 of last year should at least become to Rs 2.50 this year and should move to Rs 3.50 to 4 next year. This is without one major trigger which I am coming to I think early this month in the very same place Bombay Stock Exchange the company was rewarded as the fasted growing chemical manufacturer in India."

Technically, MACD indicators showing the way with bullish crossover when the MACD turns up and crosses above the signal line.

Also, Checked and verified the relevant facts citied above in screener so the company remains strong buy for me and can even be averaged around crucial support line if the scrip gets minor pullback with sign of pledged stock

Verified the same here as it is safe buy where risk to reward ratio is not much as the promoter holding is also more than 70% which makes it a conventional buy

Disc: Do your own analysis before investing :)
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