Important Levels
Major Resistance: 282 – 290
Next Resistance: 389
Immediate Support: 230
Major Support: 209
Business
One of the leading players in polymer piping systems. Strong distribution network and real estate + infra demand tailwind.
Earnings
Margins linked to PVC prices. Volume growth and housing capex remain key performance drivers.
Verdict
Price is reacting from strong weekly demand zone near 230–210.
Sustained move above 282 can open upside toward 350–390 zone.
Below 230, weakness may resume.
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⚠️ Disclaimer:
I am a SEBI Registered Research Analyst.
This content is strictly for educational purposes only.
No Buy/Sell recommendations.
Investments in the securities market are subject to market risks. Please consult your financial advisor before taking any decision.