Company is approaching its support level, looking for reversal pattern here, company is trading at PE which is below median PE. Promoter holding has increased by 25% which takes promoter holding to 83% which doesnot meet the maximum promoter holding pattern of 75%. Company will have to come with FPO of around 13-14%, which increases outstanding shares in market. Company has a good business line, expecting this counter to at least 2500 level.
This is high beta stock with high volatility. and avoid if it breaks this support line.
This is high beta stock with high volatility. and avoid if it breaks this support line.
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