Technical Analysis
Trend: Sideways to mildly bullish.
Structure: Range between ₹105 and ₹130 over the past several months.
Price Action: Recent move above ₹117 shows improving strength.
Supply Zones: ₹130–140 remains heavy supply region.
Key Levels:
Support: ₹117 → ₹105 → ₹98
Resistance: ₹131 → ₹140
Fundamental Analysis
Business: PSU engineering & project management company focused on infrastructure & real estate redevelopment.
Order Book: Strong government-backed project pipeline.
Earnings: Revenue visibility is good but execution speed affects margins.
Sector Tailwind: Infrastructure and urban redevelopment spending.
Summary View
Range-bound stock with improving bias near upper range.