clean breakout by Camlin Fine Science

Camlin Fine Science Company first began with ink powders and tablets in Mumbai in 1931 by the name of Camel Ink. The current name CAMLIN was christened by Combining the words in its earlier name ‘Camel Ink’. Camlin Fine Science Limited today is an integrated manufacturer of antioxidants for Shelf-Life Solutions, bio fuel, aroma ingredients, health & wellness, Pet food ingredients, Animal nutrition and performance chemicals. CMP of the stock is 154.55. Negatives of the company is High valuation (P.E.= 54.1) and FIIs and MFs are decreasing stake. Positives of the company is Zero promoter pledge, Low debt, improving quarterly net profit and improving annual net profit. Entry in the stock can be taken after closing above 156.5. The targets will be 163 and 169. Long term target in the stock will be 175+. Stop loss should be maintained at Weekly closing below 140.