Som distilleries. cmp 156. Stock price broke out of a cup and handle pattern above 150 recently, (3 year highs ) after having shown higher strength in a weaker market in the past few weeks. Pattern target if pattern plays out can be 270. Previous all time highs at 160-161. PS: CHART REVISED ADJUSTING FOR STOCK SPLIT FROM RS 10 TO RS 5 WHICH HAPPENED IN OCT 2020. Thanks @vishal_lehar and @sharemarketgen_ for pointing out the anomaly.
Fundamentally, company is on track to post good growth in next few quarters if one were to go by management commentary in recent concall. New products, new geographies and enhanced capacities all coming together. disc: techno funda based position.
