#ACRYSIL presently CARYSIL LTD
The only listed fundamentally sound small cap company in its segment for kitchen appliances and quartz kitchen sinks.
The company gets around 80% revenues from export markets and 73% of total revenues come from quartz sink.
The company is going for another 20% expansion by adding 1L units to cater the demand of global customers.
Price is making lower lows indicating bearish continuation, next support is around 350 level.
Good to accumulate around 320 - 380 level for the following targets:
Medium term swing target @ 800 (125% ROI)
Long term swing target @ 1100 (210% ROI)
Long term positional target @ 1500 (320% ROI)
Only concern is if the dollar index tumbles or supply chain disruption happens due to lockdown then this stock may underperform as majority of revenues come from export markets.
Do your own due diligence before taking any action.
Peace ✌🏻
