If NIFTY supports MEGHMANI ORGANICS may break triangle upside and if it sustains above 200DMA, we can go for long. 200DMA slope is also upwards. had a good opportunity for specialty chemicals, however Dec-19 results shows decreased revenue and profit.
FII decreased stake. PE is attractive at 4 PB is attractive at 1.1 looks like valuations are attractive. check out year end results and decide whether invest or avoid. Aarti industries has been good in this sector.
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