Key Fundamentals ...
1. High Institutional Holdings at 30% approx
2. Very good ROE of 22% approx
3. Company has a low Debt to Equity ratio avg at -0.13 times
4. Excellent quality company on the basis of long term financial perfomance
5. Healthy long term growth as Operating profit has grown by an annual rate 53%
Tecnical Views ...
After a good consolidation, looks rady to move up, some important indiators turned Bullish, detailed can be seen on chart attached herewith. In my views its a Buy candidate.
BUY RANGE @743-715
TARGET 800-850
STOPLOSS 694
TIME FRAME 2-4 WEEKS
