UTTAM SUGAR MILLS LTD - BREAKOUT OF MORE THAN 16 YEARS
UTTAM SUGAR MILLS LTD
it is one of the leading sugar company in india. the stock has posted exceptional results in the december 2023 quarter over year on year basis.
on the technical side , the stock registered high of 475 in the year 2006, note this , 2006.
over all these year it has traded under this range for 17 years.
now in this bull run , the stock has touched high of 535 in the month of NOV 2023 and is now trading around 380 levels where this should be accumulated for targets of atleast 850 .
this may become a multibagger going forward as this kind of breakout in the history has given returns ranging in multiples of 100 plus.
study and enjoy the ride.
thanks
it is one of the leading sugar company in india. the stock has posted exceptional results in the december 2023 quarter over year on year basis.
on the technical side , the stock registered high of 475 in the year 2006, note this , 2006.
over all these year it has traded under this range for 17 years.
now in this bull run , the stock has touched high of 535 in the month of NOV 2023 and is now trading around 380 levels where this should be accumulated for targets of atleast 850 .
this may become a multibagger going forward as this kind of breakout in the history has given returns ranging in multiples of 100 plus.
study and enjoy the ride.
thanks