GTPL Hathway Ltd had a golden run in past few weeks. From a LOW of 32.35 on 23rd March 2020 the stock has managed to show a very sharp recovery of almost 302 percent. Great things about the fundamentals:
Company has reduced debt.
Stock is providing a good dividend yield of 3.06%.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 34.13%
The above facts are keeping the Investors glued to the company.
Technical Facts:
Fresh Breakout with Exceptional Volumes
Made 52 Weeks High at 104 but got rejected and down 6 points from there.
The Upper Wick is of the same size as the body.
Trading near Psychological levels of 100
Respecting Support Trendline
Gapped Up at 80 as well
MFI at 83 which shows that the stock is in Overbought Zone
Looks like a small correction is on the way.
Trade active
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The stock made a new high of 108.95 today before showing some correction