Redington will decide the move soon, whether upwards or downwards
1. Trading near ATH for long term
2. PE(11) lower compared to Industry
3. OPM improved in last 3 quarter
4. EPS improved for last 3 quarter
5. Dividend Payout improved in last 2 year. 60% Dividend payout last year
6. Borrowings reduced drastically in year ending Mar 2021.
BEPL is placed at very good position, technically.
Fundamentally, stock seems very good for below reason,
1. Promoter increased its stake by 1.46% in first quarter of 2020(Jan to March). post which quarterly results are improving.
2. OPM% Margin increased significantly from Sep 2020 quarter and post it.
3. Zero debt. debt reduced to zero from first quarter of...