technical rationale
As we can see in the weekly chart kaveri seeds has broken the weekly trend and now is taking support at both the trend line and the 200 EMA of daily timeframe the price has jumped twice making a lower a high .
fundamental rationale
The stock has PE of of 9 at this price level and the company has given its best quarter of its lifetime in this tough time when the other companies are struggling which shows its resilience , the PE can easily expand upto above 20 like what happened with pharama and tech stocks
As we can see in the weekly chart kaveri seeds has broken the weekly trend and now is taking support at both the trend line and the 200 EMA of daily timeframe the price has jumped twice making a lower a high .
fundamental rationale
The stock has PE of of 9 at this price level and the company has given its best quarter of its lifetime in this tough time when the other companies are struggling which shows its resilience , the PE can easily expand upto above 20 like what happened with pharama and tech stocks
