There has been a big correction in the stock due to the company's decision of expanding the business with help of borrowings, and the stock is at almost 20% down from its all time high. This stock will not be giving much returns in short term as you will definitely see the borrowings increasing in the earnings report. But as time passes those borrowings used will start generating profits and will reduce the borrowings too and the company's past record has shown that they are well capable of doing that. Do not invest if you are looking for short term gains because it will take time before company start the new facility at Bhuj and increase their capacity.
Minimum time to stay invested should be 2 years. RSI is really low. Stock is trading near the support level. Good time to take an entry.
Minimum time to stay invested should be 2 years. RSI is really low. Stock is trading near the support level. Good time to take an entry.