Happy Deepavali !
Stock has formed rounding bottom pattern and near to its ATH levels.
Company has posted excellent results in Q2 on QoQ/YoY basis.
One can look for short to medium term trade with SL as per risk appetite for target of 510-515, which is around 10% from CMP. Breaching the 515-520 levels on weekly, monthly CB could take the stock to new territory.
Also one can hold the stock in portfolio for long term, as promoters are majority stake holders with 73%, also has increased institutional investors participation (FII/DII) in Sep 21 quarter.
Happy Investing and Happy Deepavali.
Kindly do your analysis before initiating trade.
Company has posted excellent results in Q2 on QoQ/YoY basis.
One can look for short to medium term trade with SL as per risk appetite for target of 510-515, which is around 10% from CMP. Breaching the 515-520 levels on weekly, monthly CB could take the stock to new territory.
Also one can hold the stock in portfolio for long term, as promoters are majority stake holders with 73%, also has increased institutional investors participation (FII/DII) in Sep 21 quarter.
Happy Investing and Happy Deepavali.
Kindly do your analysis before initiating trade.
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