Fundamentals:
KNR Constructions is one of the leading companies in the Roads and Highways sector having executed 6,000+ lane km of projects across 12 states in India. The company also has an established presence in Irrigation and Urban Water Infrastructure Management.
Company is expected to give good quarter in its meeting on 29th May.
Company has delivered good profit growth of 23.9% CAGR over last 5 years
Technicals:
Wave - The stock downtrend has ended with the marking of Wave 5 on the downside and
oscillators turning positive.
Trend - Has turned positive with the upward breakout from the downward sloping LR
Channel.
Its a safe bet with a target of at least 280.
KNR Constructions is one of the leading companies in the Roads and Highways sector having executed 6,000+ lane km of projects across 12 states in India. The company also has an established presence in Irrigation and Urban Water Infrastructure Management.
Company is expected to give good quarter in its meeting on 29th May.
Company has delivered good profit growth of 23.9% CAGR over last 5 years
Technicals:
Wave - The stock downtrend has ended with the marking of Wave 5 on the downside and
oscillators turning positive.
Trend - Has turned positive with the upward breakout from the downward sloping LR
Channel.
Its a safe bet with a target of at least 280.
Trade active
Reason for this Plunge on Friday May 23-GETS PENALTY ORDER FOR 182.2 MILLION RUPEES.
A close above 230 will negative this accident.
With Good Results expected later this week it becomes a interesting watch.
Trade closed: target reached
KNR CONSTRUCTION: CO WINS ORDER WORTH RUPEES 4800 CR
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.