Hikal - Strong Fundamentals and Possible Technical Upmove
Hikal Ltd., has a well diversified business portfolio and, is growing its revenue Y-O-Y since long period (excepting 2020 & 2021). Also, it is expected to post all time high revenue during FY 22.
OPM is also maintained at around 19-21% consistently over the years.
Technical Indicators:
1. Negative Retracement Points: It has already corrected down to 61.8% of its last rally
2. RSI is improving
3. Consolidation phase seems getting over
SL: 414
Disc.: I am not a SEBI Registered Investor and this is not a buy recommendation, but just a research purpose idea.
OPM is also maintained at around 19-21% consistently over the years.
Technical Indicators:
1. Negative Retracement Points: It has already corrected down to 61.8% of its last rally
2. RSI is improving
3. Consolidation phase seems getting over
SL: 414
Disc.: I am not a SEBI Registered Investor and this is not a buy recommendation, but just a research purpose idea.