trendline19

Madras Fertiliser

Long
NSE:MADRASFERT   MADRAS FERTILIZERS
#MadrasFertiliser formed a base for 12 weeks and then price breakout above the upper base limit.
Will add CMP 74.45 and upto 65 for 25% upside for 94 with trailing SL at 60.

Stock is hovering at 5.14PE and ROCE at 28%.

Quarterly and yearly sales are improving with decent 10%OPM

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