Buy Alembic Ltd @55.5

I took a pilot position at 55.5 and I will be looking to add at minor corrections. there isn't a good base in place for this one so waiting for it before I add more to my position

Technical: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs. it has the highest volume since 2018, although the stock is only 7% from its 2014 highs.

Fundamental:
This stock shows nothing in terms of sales and profit growth however TTM earnings are up 55%. The stock always moves first and the fundamentals follow later so I will be buying this stock if the price shows strength.

3 years of sales growth - -2.6%
3 years of profit growth - 3.38%

Margins at an all-time low, this gives it a lot of headroom to perform and increase margins which can create higher profits.

TTM earnings up 55%