Turning Bullish: Gandhar Oil Refinery (India) Ltd

Gandhar Oil Refinery (India) Ltd is one of India’s largest manufacturers of white oils and one of the top 5 players globally specialized in the production of white oils and related products for cosmetics, healthcare, pharmaceuticals, chemicals, and lubricants. Serving over 100 countries, it is India's largest white oil manufacturer and ranks among the top five globally. It has a 26.5% market share in India in white oil as in FY23 and 9.6% market share globally in white oil in CY22.

Key Metrics:
MCap: ₹ 2,416 Cr.; P/E: 19.1; ROCE: 21.6 %; D/E Ratio: 0.23; EVEBITDA: 8.97
3 Years Sales Growth: 22.8%

Gandhar has turned bullish on Oct 8, 2024 with decent volume.
20 EMA has crossed above 50 EMA.
Resistance levels: 252, 272, 285, 313
Support levels: 229, 209