Lets not rush to buy this stock, resistance is very near at 3.20 Salik will soon release its financials and I am expecting it to be good. Good chances it can open with gap up and then we may see a continuation to the upside. For now taking any entries at current levels will be risky as it can again hit the resistance to get rejected and come lower. So lets be...
Salik is still positive and I think very soon it will make another big move, right from the support area we are witnessing some buying pressure which is a good indication that bulls are around and charged. Very soon it will visit 3.50 zone.
Hit like & follow guys ;)
The current share price of SALIK stands at 2.90, reflecting the overall market sentiment towards the company. With a market value of 5,329,289.81, SALIK has managed to garner significant interest from investors, as evident from the trading volume of 1,845,923 shares. This substantial volume indicates that the company's shares are actively being traded, showcasing...
Over the past year, the earnings growth (24.2%) of Salik has exceeded that of the Infrastructure industry. Its current net profit margins (83.6%) are higher than last year (80.6%). SALIK has more cash than its total debt. SALIK's debt is well covered by operating cash flow (36.2%).
SALIK is trading at AED2.26 which is below estimated fair value (AED3.53).
Its at a very good support area, infact its been holding the zone for so many days. Todays closing is positive if it opens flat or with small gap up this can go higher. Early bird entry should be planned once it crosses 2.8 to catch the trend.
Hit like & follow ;)
