mehulsan77

MUKANDLTD strong breakout

Long
BSE_DLY:MUKANDLTD   MUKAND LTD.
price broke multiyear resistance area
formed decent base above resistance and now broke that base

mcap 2373cr
stock pe 13.4 < industry pe 14.1
cmp 164 > book value 59.1
dividend yield 1.21%
debt to eq 1.74
promoter holding 74.7% vs 71.68% in MARCH 2017

recently company reduced debt significantly
balance sheet is getting improving
took very small position and will add/reduce accordingly
target not defined

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.