HP Adhesive Cmp 408 dated 11-11-2022 FUNDAMENTAL & TECHNICALVIEW

HP Adhesive Cmp 408 dated 11-11-2022
Analysis based on FUNDAMENTALS & TECHNICALS

1. Rectangle Consolidation
2. RSI already done BO
3. VOLUME BO

Buy @ CMP for target 420-435-450-460-475 SL 380

Fundamental Points :
1. Company has reduced debt.
2. Promoters Holding 71 %
3. FII's 4 % (75 % in strong hands)
4. Growth in Net profit with increase in Margin Profit.


Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.