After a healthy correction from all time high prices, Meghmani has given a signal of resuming uptrend again.
Fundamentally, a very strong company, with 5.3bn Rupees capex. In the coming years, starting from next, capex utilization will be seen in the results.
Very good future prospects. Soon, the chemical sector could undergo re-rating as well.
It has really bogged down, after results even though they were better than expected. For investment purposes looks really great with a perspective of 1-2 years time frame. Potential targets can be in the range of 800-1100.
Please note: this is not any buy recommendation or call. Please do your own research before investing.