Watch out for Multi Year Breakout - Descending Triangle Pattern
Kesoram Industries is involved in the business activities of Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement.
The Stock is about to break a multi year trendline resistance. There has been a continuous rise in volume in the stock indicating there is something cooking inside.
The RSI well placed at right levels.
The Company's operations are good. However, the only concern is its high Debt. That's the sole reason behind laggard performance of the stock. The Company has repaid its Debenture holders with Zero Coupon Convertible Preference Shares thereby reducing the burden of interest payment. Further, the Company is also planning to raise more funds to become debt free. The Company is planning to come up with Right Issue as well.
The Stock has a bright future ahead after the debts are repaid. As we all know, Cement sector is likely to be performing well keep in mind the infrastructure demand in the country.
Perfect bet for long run. Can be a multibagger. Keep Accumulating for Long term.
The Stock is about to break a multi year trendline resistance. There has been a continuous rise in volume in the stock indicating there is something cooking inside.
The RSI well placed at right levels.
The Company's operations are good. However, the only concern is its high Debt. That's the sole reason behind laggard performance of the stock. The Company has repaid its Debenture holders with Zero Coupon Convertible Preference Shares thereby reducing the burden of interest payment. Further, the Company is also planning to raise more funds to become debt free. The Company is planning to come up with Right Issue as well.
The Stock has a bright future ahead after the debts are repaid. As we all know, Cement sector is likely to be performing well keep in mind the infrastructure demand in the country.
Perfect bet for long run. Can be a multibagger. Keep Accumulating for Long term.
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