captvivekjain

V-Guard will stabilise after a fall of profit booking

Short
NSE:VGUARD   V-GUARD INDUSTRIES
4
Scrip is at Rs 178, after becoming ex-Bonus (2:5) today.
Profit booking will accrue and it will undergo suitable and adequate correction till around Rs 150~160 or so.
At the lower level, once it stabilises, re-enter and keep in your portfolio for another sustained rise.
Fundamentally it is a debt free company with good rising turnover and profits.
We shall discuss it's re-entry after it stabilises at lower levels.
SELL with a stop loss of Rs 185~188.