POKARNA Weekend Picks 30 to 50% upside potentialhi in this weekend we pick POKARNA, this stock after a consolidation gives a breakout and also retest done, so from here, we assume it can go from 30 to 50% within couple of month.
POKARNA
Pokarna may push aheadPokarna Ltd. is renowned for its for its quality, uniqueness, design and variation in Granite business. They have a strong presence in 23 countries and robust distribution network in which more than 80% of revenue comes from USA. The company is the largest manufacturer and exporter of quartz surface.
Pokarna CMP is 413. Negative aspect of the company is declining net cash flow. Positive aspects of the company are low debt, FIIs are increasing stake and zero promoter pledge.
Entry after closing above 437. Target of the call will be 449 and 461. Long term targets in the stock will be 483 and 504. Stop loss in the stock should be maintained at closing below 381.
Pokarna looking good for medium to long term investmentClear uptrend, fundamentally strong position, increasing volumes, could soon be on its way to price discovery. Not a short term trade, invest with a deep stop loss.
