With everything resolved on the Vodafone front in Supreme Court things could now start to look u for this company. Ultratech cement, its other holding its also moving up. Once it crosses the 200WEMA things could change for this company which has been a major underperformer all this time while its prime asset Ultratech cement has been moving up.
Long at CMP as long as 770 sustains. First target 833 and then 960. SL 3-5% below purchase price depending on risk appetite.
I am bullish on this company as long as it sustains above its 200WEMA which is currently 769.