MUKANDLTD strong breakout

price broke multiyear resistance area
formed decent base above resistance and now broke that base

mcap 2373cr
stock pe 13.4 < industry pe 14.1
cmp 164 > book value 59.1
dividend yield 1.21%
debt to eq 1.74
promoter holding 74.7% vs 71.68% in MARCH 2017

recently company reduced debt significantly
balance sheet is getting improving
took very small position and will add/reduce accordingly
target not defined