DISCLAIMER: THIS IS NOT A STOCK RECOMMENDATION. IT'S JUST MY ANALYSIS.
Hi guys. Today im talking about ADITYA BIRLA CAPITAL .
It has given a breakout from a beautiful complex cup and handle pattern. The volumes were quite high as well.
Moving on to Financials:
. It is posting highest ever profits.
. Profit has doubled in 2 years.
. The sales are the highest ever.
. P/E ratio is less than its peers and avg industry P/E.
. The promoter holding is strong and FII has increased their holdings.
TARGET : The technical target comes out to be 229 rs.
Personally , I believe in the business of the company and so I may hold it uptil all time high and above.
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