Scrip has fully bottomed out.
It is now above the MAs, poised for rise to much higher levels.
Book Value is Rs 114+, stock is Rs. 568, EPS is Rs 17, PE=33, rising dividends over he years, very low debt, rising margins.
With the onset of rise in construction activities, demonetisation behind us, the momentum of all parameters of this scrip seems favourable.
Projected price Rs 750 ~ Rs 800 within a year's timeframe.
Buy with a stoploss of Rs 490~500 or so.
It is now above the MAs, poised for rise to much higher levels.
Book Value is Rs 114+, stock is Rs. 568, EPS is Rs 17, PE=33, rising dividends over he years, very low debt, rising margins.
With the onset of rise in construction activities, demonetisation behind us, the momentum of all parameters of this scrip seems favourable.
Projected price Rs 750 ~ Rs 800 within a year's timeframe.
Buy with a stoploss of Rs 490~500 or so.