LINC LIMITED OVERVIEW

𝗦𝗧𝗔𝗧𝗜𝗢𝗡𝗘𝗥𝗬 𝗖𝗢𝗠𝗣𝗔𝗡𝗬 𝗜𝗦 𝗦𝗘𝗧 𝗧𝗢 𝗥𝗘𝗪𝗔𝗥𝗗 𝗜𝗧𝗦 𝗦𝗛𝗔𝗥𝗘𝗛𝗢𝗟𝗗𝗘𝗥𝗦 𝗪𝗜𝗧𝗛 𝗧𝗛𝗘 𝗧𝗪𝗜𝗡 𝗧𝗥𝗘𝗔𝗧 𝗢𝗙 𝟭:𝟮 𝗦𝗧𝗢𝗖𝗞 𝗦𝗣𝗟𝗜𝗧 𝗔𝗡𝗗 𝟭:𝟭 𝗕𝗢𝗡𝗨𝗦 𝗦𝗛𝗔𝗥𝗘𝗦. ▫️Linc Limited (formerly Linc Pen & Plastics Limited) is a writing instrument manufacturer with national and international operations in more than 50 countries. ▫️The company has a strong network throughout South East Asia, the Middle East, the United States, the United Kingdom, Europe, South America, Africa, Russia, and the CIS states. ▫️In India, the firm is the sole importer and distributor of Asia's largest stationery behemoth, Deli, as well as the world-renowned pen brand Uni-ball, manufactured by Mitsubishi Pencil Co., Japan. 𝗦𝗧𝗢𝗖𝗞 𝗦𝗣𝗟𝗜𝗧 𝗔𝗡𝗗 𝗕𝗢𝗡𝗨𝗦 𝗦𝗛𝗔𝗥𝗘 𝗥𝗘𝗖𝗢𝗥𝗗 𝗗𝗔𝗧𝗘: ➖ The board approved the Sub-division/ split of each equity share of the Company having a face value of Rs. Rs. of 10/- each, fully paid-up, into 2 equity shares having a face value of 5/ each, fully paid-up. ➖ The issue of Bonus Shares in the ratio of 1:1 i.e. 1 new fully paid-up equity share of Rs.5/- each for every 1 existing fully paid-up equity share of Rs.5/- each, to the eligible equity shareholders of the Company as on the record date. ➖ The record date for both the corporate action is fixed on 20th December. 𝗧𝗘𝗖𝗛𝗡𝗜𝗖𝗔𝗟 𝗩𝗜𝗘𝗪: ▶️ On 09.12.2024, as per the daily time frame, the stock broke out from the support 1 at 674 level, and ended the session with a positive candle at 677 levels. ▶️ Currently trading close the support 1 levels, with RSI nearing 70 levels the overbought zone. ▶️ Selling action may lead the stock to break down from the support 1 levels to the next support 2 at 650 levels, however, buying support may take the stock to the resistance at 696 levels.