Indo Count Industries is involved in the business activities of Manufacture of bedding, quilts pillows, sleeping bags etc..
The Stock broke out of a multi year resistance, completed its retesting and is ready to for targets. The RSI is perfectly placed at 65 levels indicating a good time to enter into the stock.
The Company has posted excellent results in Q2 & Q3 of FY 21. Sales increased by 23% and 24% respectively QoQ. At the same time EPS increased dramatically by 655% & 362% QoQ. Foreign Portfolio Investors (FPI) have continuously increased their stake from 7.27% in June to 9.82% in December. This shows growing confidence of FPI in the stock.
Accumulate for a target of 170-200 with an SL at 121.
Feel free to share your feedback and queries.
The Stock broke out of a multi year resistance, completed its retesting and is ready to for targets. The RSI is perfectly placed at 65 levels indicating a good time to enter into the stock.
The Company has posted excellent results in Q2 & Q3 of FY 21. Sales increased by 23% and 24% respectively QoQ. At the same time EPS increased dramatically by 655% & 362% QoQ. Foreign Portfolio Investors (FPI) have continuously increased their stake from 7.27% in June to 9.82% in December. This shows growing confidence of FPI in the stock.
Accumulate for a target of 170-200 with an SL at 121.
Feel free to share your feedback and queries.