MARA - Ready for Run?

25 Haz 2023

Increased volumes signals renewed Interest on MARA post its rights issue at LKR 2.00. The Hotel was ranked the best "All Inclusive Hotel" in Sri Lanka by Trip Advisor and 11th in Asia. The company reported a positive EPS of 0.33 in Q4 FY23.Historically, LKR 2.00 has appeared to be a price of support. Yet trading below 100 / 50 EMA, a break-out from LKR 2.4 would likely see it reach LKR 3.0 - LKR 3.4.