Price of Sarla Perf Fibre has corrected from its recent highs of 75 to 50. This has happened on the back of weak Q4 quarterly numbers both YoY and QoQ. Profit margins have also been falling for the last 2-3 qtrs. So, somewhere the price fall by 30% is justified.
My technical chart analysis shows that SPF has strong support at 47. With immediate support at 51 rs levels. Other long term support levels are 41 and 36 but I doubt price will fall so much.
I do not have any position as of now but was looking to enter Sarla Perf Fibers as it was filtered as a CONTRA buy by my tool.
No much information/news is available on SPF, I will be thankful if anyone on this forum can throw some light about this company.