Fundamentally the stock is barely trading at book value. With these windfall profits its modernisation plan + debt reduction will progress smoothly while still improving the companies .
Technically after a short move of over 100% the stock went into consolidation and now with China news + PLI scheme (They do a lot of value added products) the stock looks set for a breakout.
Long above 129.25
SL Below 119
Target fresh 52 week highs. (Above 151)