|Buy Range||505 – 520|
|Target||600 – 660|
|Duration||50 – 60 Trading Sessions|
|Potential Return^||15 – 27%|
|CMP#||Idea||Buy Range||Target||StopLoss*||Duration||Potential Return^|
|520.5||BUY||505 – 520||600 – 660||495||50 – 60 Trading Sessions||15 – 27%|
# CMP on Feb 20, 2019
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 560.
^ The returns are calculated based on CMP#
Incorporated in 1985, the largest floor and wall tile manufacturer in India has 8 operational plants. Headquartered in Delhi, Kajaria Ceramics is the largest tile and floor manufacturer in India having 8 operational plants and markets its products through Kajaria Eternity World, Kajaria Galaxy, Kajaria Prime Plus Showrooms and other multi-brand dealers. Its production includes ceramic wall, floor tiles, polished vitrified tiles, glazed vitrified tiles, adhesives for ceramics and sanitary ware and faucets. The company’s Profit After Tax rose 24 percent to Rs 65.89 crore on a yearly basis.
|Sectoral Index||NIFTY 500|
TECHNICAL OBSERVATIONS (DAILY)
- Current close is just above the support line and we are expecting a price will resume trend from here.
- The stochastic oscillator is bouncing from oversold (20) region.