Palred Technologies Limited

Chance for multi-bagger in IT sector (Small cap)

2 463
Pros:
Technical: Clear cup and handle break out, BO confirms volume.
Fundamental: Sales increased almost 150%, PAT, Net profit, ROE increased YoY.

Cons:
Debt on equity increased but < 1.
Current Ratio and Quick Ratio also decreased but > 1.

Note:
Chance are very less for pull back so need to do splitting capital allocation. (For example current level 30%, Next retracement-reversal 40% and retracement - BO 30%)

Disclaimer: Education purpose, do your own analysis before buy/sell.

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