Review and report on

MAZDOCK

As per our previous report on

we suggested the trend to be continued as bullish but confirmed above Rs. 3,150 level and it happened to be. The price has surged with immense volume since then and since two weeks, it has been falling which we can state as market's nature. Although the result for has had some profits annually, the quarterly numbers were not so satisfying which infact has dragged down the total profit leading to a slowdown in profit growth. Technically, it might retrace down to Rs. 3,180 level and then a slowdown or consolidation to some extent is expected, until further momentum noticed.