Tube investments is a solid company and a market leader in many manufacturing sectors..could see more upside..targets marked
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It has moved up 4% today ( earnings release today), chances are it might do more upside if broader market is steady... it has moved from 1125 to 1233 ( day high 1252)..think long term for this stock. It will be some time before it reaches the target marked..
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Up 3.8% today despite the fact that the broader market was not doing much...CMP -1281...touch 1300 and pulled back
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Another nice move up inside the channel...from 1125 to 1386 today...was 23% now it is 20.2%...
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Target 1 achieved, 1449( 1125 to 1449 - even if you had bought 25 shares and kept it right now you would be 8000 Rs + in profits)..it took 47 days...but as i mentioned in my Aug 13 update think long term for this stock. Anyway you can exit ( if at all you have any positions that is) or wait until it moves toward the next target.