Post acquisition of Kurlon Enterprise Ltd and 35% stake in Furlenco Furniture (Kieraya Pvt Ltd, the revenue and profit has started reflecting in Balance Sheet. Going forward company is expected to do well both in revenues and profitability.
Technically,
Can be bought now and wait for Rs1067 for weekly closing to add further upon confirmation of uptrend and...
Price is moving inside an ascending broadening wedge pattern possible forming a large WXY corrective pattern.
X wave has not completed yet. It can end somewhere between 800-900 levels.
Fundamentals are improving, margin pressure is still there. Borrowings increased due to big CAPEX.
It is the market leader and the largest manufacturer of Polyurethane Foam in...
