LTTS India - Good Results in generally pessimistic scenarioMidcap results have been far better than the large caps like TCS and Infy. The midcaps are more in their niches and the revenues / profit growth is mid teens to 20s. Their margin profiles heave stayed steady. Persistent & other mid caps have already rallied close to life high. One stock that maybe next is LTTS (L&T Technology Services)
Supportive picture with a nice base forming - esp after results
Volatility compression happening (also calls have got very cheap)
Could rally through to the next results cycle - analysts generally have a negative view of this stock - which could cause re rating
Stock historically has seen better days - expect it to get closer to 4500 by next results cycle
Buy Stock for 6-10 weeks cycle. Keep the stop loss at -2 ATR level around 150 bucks. Buy ITM calls for the people who are shorter term - however dont expect super action very soon.
