$RATEGAIN
This company is a classic example of "smart money" at work. Between January and March, we saw a rare alignment where Promoters, FIIs, and DIIs all increased their stakes. They were buying heavily while the stock tumbled from ₹700 down to the ₹420 level. Fundamentally, the business is surging; revenue is up significantly, and profits jumped from ₹55 crore to ₹70 crore. Currently, the stock is testing its all-time high resistance. While the fundamentals are stellar, my professional take is that you shouldn’t chase it blindly here. It has already run up quite a bit from the bottom. The "easy money" move has passed, so now we must wait for a retracement.
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