Mukand Ltd: Consolidating near previous resistance zone
Mukand Ltd is consolidating near previous resistance levels of Jan'2008. From 16 years stock is trading in a range of 150 points. Seems accumulation is going on for next run up. As per Range difference, target is approx 300. Metal sector is doing good. Hence Sector tailwind is also in favour of company. Promoters shareholding in Company is almost close to maximum permissible limit by SEBI. Apart from that FII & DII are also holding . OPM is improving from last 8 years and yet to achieve the highest OPM of 13%. If Company able to achieve the peak OPM again alongwith sales growth then rerating of this stock is certain. Keep on radar.
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