The Stock Broke a major resistance with a good with Inverse Head & Shoulder Formation and Rounding Bottom Formation on charts. is perfectly placed at 67 levels that shows that the stock is not a overbought zone. There has been continuous rise in volumes indicating consistent accumulation of stocks.
The Stock performance has also improved considerably during Q2 & Q3 of FY 21 showing an increase in EPS of 233% & 201% respectively. Mutual Funds stake has continuously increased during the quarters form 2.21% in June quarter to 4.1% in December Quarter. Last quarter performance is pending and is expected to be on better side.
Accumulate now for targets of 170-200-240 with SL at 125.
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