Sterlite tech after 3-4 months of consolidation is looking to breakout. Stock is poised to grow its EPS by 3-4 times in next 3 years and will be a massive winner in the digitalisation of India. Sterlite's main customer is Jio which is booming as well
The govt. of India has just granted the PLI scheme to the textile industry which has come on the back of additional benefits given earlier in the year regarding pricing. This is a massive boost and as can be seen from the volumes has warranted institutional buying.
Can go to 500
NITIN SPINNERS broke out to an all time high couple of days back and Today is seeing follow through buying on fairly large volumes. Can buy with a stop loss of 8%. Fundamentally also strong with improving return ratios
