Company engaged in the manufacturing of automotive parts. Promoter share holding is nearly 75% with zero promoter pledge. Debt is also in a decreasing trend. Stock has been moving through an upward parallel channel band for the last 1 year. Now it is trying to escape from the band . If it bounce over from here we can expect a movement nearer to 500 soon. Falling profit margin and poor sale sales growth are some restraints in the fast movement of the stock. Any way increasing promoter holding and recent volume strokes are giving a positive hope
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Trade active:
Retested and reached back to channel band