The small cap company, Elecon Engineering Company, has given a multi-year breakout and is poised to give 2x/3x return from here if the business performs the same way like the last few quarters.
The company has reduced its debt alongside showing signs of good growth on the revenue and the operating profit front.
One can wait for the stock to retest the levels of 110 else start accumulating for higher targets with time frame of 12-15 months.
#TradeTheTrend
The company has reduced its debt alongside showing signs of good growth on the revenue and the operating profit front.
One can wait for the stock to retest the levels of 110 else start accumulating for higher targets with time frame of 12-15 months.
#TradeTheTrend