Long
Multi Year Breakout - Retesting Done
Orient Refractories is involved in the business activities of Manufacture of millstones, sharpening or polishing stones and natural or artificial abrasive products, including abrasive powder or grain on a base of textile material, paper, paper board or other material.
The Stock has broken out of a multi year resistance with great volume. Company's sales are also growing consistently. Return on Equity is 20% which is exceptional. For December quarter, Increase(%) in QoQ EPS was 22% which is also a good sign. Qaurter March result is also Expected to be goog.
Keep Accumulating the stock. Better to add 50% now and rest at lower levels for a target of 360-400 respectively.
Do share your feedback & queries. Also let me know if u need an analysis on any stock.
The Stock has broken out of a multi year resistance with great volume. Company's sales are also growing consistently. Return on Equity is 20% which is exceptional. For December quarter, Increase(%) in QoQ EPS was 22% which is also a good sign. Qaurter March result is also Expected to be goog.
Keep Accumulating the stock. Better to add 50% now and rest at lower levels for a target of 360-400 respectively.
Do share your feedback & queries. Also let me know if u need an analysis on any stock.
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