DALMIASUG:106 Technically weak now, huge volume but doesn’t look like a any accumulation here, it may find support around 92.Fundamentals are improving, like, it improved sales and profit. Debt is reducing.
But it will have all the seasonal distress like all in sugar' industries.
Market Cap.: ₹ 871.02 Cr.
Book Value: ₹ 96.75
P/E: 4.86
Dividend Yield:...
Previous Close as on Friday, December 15th 2017, 3:40 PM: ₹138.30
Buy at: ₹137
Stop-Loss at: ₹135
Target Price: ₹141
Duration: within 1 week
Not guaranteed as the stock market is subjected to market risks. These calls are based on my own research and are meant for paper trading. Please do your own research if you are interested in investing or trading in the stock market.
The stock is testing the 365 day exponential moving average line. One can take a positional long trade once the 145 level is broken targets are as per the fibonacci retracement the final target is 175. Fundamentally strong stock.
Scrip can take reversal and aim towards 52-week highs if bullish momentum continues as happened in the past post company posting good quarterly results however, subject to Nifty not showing major corrections
www.indiainfoline.com
Quarterly results YoY increase
www.business-standard.com
Rebound likely to happen owing to :
1) Good volume buying during past...
