Gulf Oil Lubricants Ltd - Breakout
Updated
#GULFOILLUB
CMP ₹. 684/-
An undervalued stock with promoter holdings more than 70% . Low debt company with zero promoter pledge. ROCE & ROE improving. Sales & profit increasing YoY with positive cash flow and also company is providing a healthy dividend payout. Eventhough there is a little bit decrease in the promoter holdings , FIIs are increasing their stake. Technically also looking good. Breakout happened against 6 year long resistance trend line. Chart is self explanatory.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
CMP ₹. 684/-
An undervalued stock with promoter holdings more than 70% . Low debt company with zero promoter pledge. ROCE & ROE improving. Sales & profit increasing YoY with positive cash flow and also company is providing a healthy dividend payout. Eventhough there is a little bit decrease in the promoter holdings , FIIs are increasing their stake. Technically also looking good. Breakout happened against 6 year long resistance trend line. Chart is self explanatory.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
Trade active
Stoploss @ ₹.610/- levels. Hopefully bounce back
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