SWING IDEA - RUSHILHigher High and Higher Low Formation.
Fundamentals looks good with recent expansion into region.
Coming weeks target 400.
RUSHIL DECOR: CO STRENGTHENS GLOBAL FOOTPRINT WITH EXPANSION INTO SOUTH AMERICAN MARKET
CO’S STRATEGIC EXPANSION IS PART OF ITS BROADER VISION TO ACHIEVE ANNUAL REVENUES OF RUPEES 2500 CRORES BY 2029
CO MCAP: 800CR RUPEES
RUSHIL trade ideas
14% Short Term Target Stock and 60% Long Term TargetRushil Decor Ltd is primarily engaged in manufacturing and sale of Laminate Sheets, Medium Density Fibre Board, Prelaminated Medium Density Fibre Board boards, Polyvinyl Chloride (PVC) Board and Particle Board.
It is the 2nd Largest manufacturer of MDF boards. It offers its products under brands VIR MDF, VIR Pro, VIR Pro Plus, VIR Prelam MDF and VIR HDFWR. MDF finds applications in Wall Paneling, Architectural Moldings, Sports Goods Residential & Commercial etc.
Key Factors -
# Undervalued
# Increasing Sales
# Increasing Reserves
# Promoter Holding above 50% and Increasing
# FII Holdings Increasing
* For Long Term Target Keep SL at 300 On Weekly Closing Basis
