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LT foods fundamental analysis conducted along with technicals.
LT Foods has give a shallow correction after a good upmove with volumes. Now is has broken the the pullback trendline with increased volumes. Entry: 60 Target: 90 - 100 Stoploss : 48-50 Timeframe:
Trend Line Broken Took Support at 47 levels can be bought at CMP Target 1 - 55 levels Target 2 - 60 levels Stop Loss - 46 Levels
Both Technical and Fundamentals of Daawat(LT Foods) are strong. Technical - More room for stock price appreciation for 2 reason 1. LT Foods trading around 8 P/E & 1.20 BV against KRBL's 12.50 P/E & Book value of 2.25 2. Result of LT foods for past 2 quarter were good compared to KRBL. Hence P/E and B/V of LT Foods should appreciate. Fundamental Atleast for...