Prima Plastics giving breakout after more than an year long consolidation.
Digging deep, it can be seen that prima’s EPS is inversely related to crude prices. So in a scenario where crude prices sustains below 90-100$, we can see it reclaim its previous price peaks. Last two quarter combined EPS was 9 Rs. Expecting good results in March qtr too.
Caution: Low market cap, Low float available, may not be suitable for all.
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