Multi Year Breakout - Retesting DoneJK Lakshmi Cement L is involved in the business activities of Manufacture of cement, lime and plaster.
The Stock Broke out of a multi Year Resistance with good volumes. The Stock corrected thereafter and retested it. The Stock is ready to bounce.
Fundamentally the stock very good. has posted some robust numbers in the past quarters. EPS of the company is growing consistently. Mutual funds have also increased their stake from 16.81% to 19.36%. Insurance Companies have also increased their stake. So the stock is in demand and favored by investors.
Accumulate for targets of 460-500 with SL at 390.
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The stock moved around 3% while I was posting this analysis.
