Kokuyo Camlin looks like breaking a trendline resistance. Kokuyo Camiln were a single product company when started. Today company have achieved have over 2000 innovative products. Which is why Camel and Camlin are the most recognized stationery and art brand in India. Kokuyo Camlin Ltd. engages in the manufacture and market of stationery and education related products. Its stationery product portfolio includes art materials, artist colours, and marker pens. Kokuyo Camiln Ltd CMP is 140.35.
The Negative aspects of the company are High Valuation (P.E. = 33.40) and FIIs are decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, improving annual net profit and improving cash from operations annual.
Entry after closing above 144. Targets in the stock will be 155, 160 and 165. Long term targets in the stock will be 172 and 179. Stop loss in the stock should be maintained at closing below 127.
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