Core business looks promising and the balance sheet is healthy
A slew of overseas acquisitions and the diversification move trigger concerns
Primary trend remains positive as Rail Vikas Nigam is trading above its 200-day EMA. Momentum indicators and oscillators are showing strength in the stock.
Nifty stands at the strong polarity support of 16,800 – 16,750 levels, failing to hold which the index is likely to see a further correction towards 16,450 – 16,400 zones
S Chand and Company price has broken out from the downward sloping trendline, adjoining the highs of December 5, 2022 and January 3, 2023. Short term trend of the stock is positive as stock price is trading above its 5 and 20-day EMA.
Accumulation was seen in Just Dial since January 16 where volumes are sharply higher on up days as compared to down days. Short term trend of the stock is positive as stock price is trading above its 5 and 20-day EMA.
ICICI Direct is bullish on Control Print recommended buy rating on the stock with a target price of Rs 555 in its research report dated January 25, 2023.