Aro granite Industries Ltd (AGIL) (incorporated in 1988) is the largest processed granite exporter from India. The co. has an experience of more than 35 years in processed granite exports. It has a 100% EOU plant located in Tamil Nadu and set up a new 100% EOU unit in Rajasthan last year. It currently exports to more than 50 Countries. It has received “Star export...
AROGRANITE: Looking Good
3 Years High & Bullish Breakout Sustaining Closing/Above 78.40
Rounding Bottom Pattern Breakout Sustaining Closing/Above 97.90
Buy Above/CMP 75.75 Add Every Dip Stop-Loss 65 (Safe) 55 (Risky)
Target 85-95-110-125+++
If Fail to Sustaining the 97.90 Level then will create Head & Shoulder Pattern
Add Every Dip Until 36 Stop-Loss 30...
Buy Agrogranite @ 45 for the target price of 58-60 with SL of 40. Good risk to reward trade. stock @ the urge of BO level. This is for your educational purpose only.
All the details are marked in the chart.
REMEMBER IF YOU ARE PRACTICING SAFE TRADING THEN ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
You can message me if you need any clarification.
Do corelate all the stock moves with nifty movement as per the chart below.
DISCLAIMER:
The Legal...
ARO GRANITE
Market cap of just 103cr whereas Enterprise value is 553 cr, Debt to equity is very low just 0.75, Book Value is 110, Price/ Book- 0.63, EPS of FY17 - Rs 8. This is a wonderful cash bargain.
