Manali Petrochemicals Limited is one of the leaders in the production and marketing of Propylene Oxide Propylene oxide is a chemical intermediate used to produce commercial and industrial products like automobile seats, furniture, garments and mattresses.
The company is almost debt free.
The company has been maintaining a healthy dividend payout of 22.92%
The company's performance is getting better quarter after quarter,
Technical View.
The stock after consolidating between Rs 28 and Rs 7 for the past few years recently gave a poitive break out,whose momnntum can last for months..Considering the technical and fundamental aspects. One can look at accumulating this stock .Fora long term. Technically the stock has got a target of 56 time frame 10 to 12 months
NB: Please do your own research before investing
The company is almost debt free.
The company has been maintaining a healthy dividend payout of 22.92%
The company's performance is getting better quarter after quarter,
Technical View.
The stock after consolidating between Rs 28 and Rs 7 for the past few years recently gave a poitive break out,whose momnntum can last for months..Considering the technical and fundamental aspects. One can look at accumulating this stock .Fora long term. Technically the stock has got a target of 56 time frame 10 to 12 months
NB: Please do your own research before investing
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