The stock broke its all-time high of Rs. 340 after 18 years with very good volumes and went on to rally up to 420+ levels before retracing back to 300-325 price range. The stock is consolidating at these levels and is looking good to go long with a stop loss of Rs. 270. On the weekly time frame, a Cup & Handle pattern is visible, providing us with a target of Rs. 520 in the medium to long term.
Fundamentally, the company is sitting at an all-time high in sales and net profits. The stock is available at a PE of 22, which is considerably lower than that of its peer group TAJGVK . TAJGVK
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.