The break down below 200WSMA and 200WEMA will ensure that this is in strong bear grip and wont recover anytime soon.
Might even tough 331... I am starting SIP in stock what about u?
Maithan took support at the trendline but I dont think it can move much up given the over all market sentiment and additional profits will come only from new plant (acquired or built grounds up)
Over all the results were exceptional given the current state of steel market in India.
EBITDA maintained at 14.9% almost at par with long term guidance of...
The stocks seems to be on verge of giving a multi year breakout.
In such scenarios stock normally zooms to 3x levels from the breakout ie around ~5000 in next 18 months.
Lets see if 1563 holds for the month.
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