Outlook on " DAMODARIND "

DAMODARIND (Small cap) Industry - Textile CMP - Rs. 42.65 Quarterly Earnings- PAT at Sept 24 - Rs. 73.90 lakhs PAT at June 24 - Rs. (150.65) lakhs PAT at Sept 23 - Rs. 92.20 Conclusion - The company's not quite consistent in Annual Net Profit , so avoid long term investment, rather focus on strategic and extraordinary events with timely profit booking. Mixed quarterly earnings lead to taking support on daily timeframe. However, we expect a positive closing this week which will provide opportunities to Buy around Rs. 44 with an Stoploss of Rs. 39 and Target price of Rs. 53.53. Avoid long term investment for the time being.