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IFB Industries: 48% upmove possible

Long
IFB INDUSTRIES LTD (NSE:IFBIND)  
TradingBanker  
NSE:IFBIND   IFB INDUSTRIES LTD
Parallel Channel Growth ifbindustries trading investing ifb Descending Channel breakout
4
0
parallelchannel growth ifbindustries trading investing ifb descendingchannel breakout
➡️1000+ day descending channel breakout
➡️promoter holding ~75%
➡️debt reduction
➡️aims to achieve sustainable double-digit margins by the end of Q4

Cons:
➡️High P/E
➡️competitive segment
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