Mukadam

Havells breakout of fallen trendline

Long
NSE:HAVELLS   HAVELLS INDIA
Buy for target of 1231.

Good fundamentals
High Management Efficiency with a high ROE of 18.65%
Company has a low Debt to Equity ratio ( avg ) at -0.28 times
Healthy long term growth as Operating profit has grown by an annual rate 15.24%
High Institutional Holdings at 32.99%
These investors have better capability and resources to analyse fundamentals of companies than most retail investors.
Trade active: 2nd Target after 1231 will be 1376
Comment: Picture to abhi shuru huee hai

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