Fundamentally sound. #1. Dividend paying company. #2. significant Margin Growth. #3. Prior Election Extra ordinary fundamentals: Infrastructure need Cement. Collecting Vote in favour needs more Infra projects. Major Party in Ruling Govt. has much more Strength in North India (now also in East India). Star Cement has More Base in North, East India. Conclusion: TOP Line & Bottom Line Growth.
Technical mentioned on chart.
Education purpose only.
Comment
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Hit All T+2 Targets & made high (@ 118.70) Above 1st Fib Level @ 117.75