Stock Analysis –Adlabs Films

After the trust vote ADAG stocks are on the uptrend and are recovering at faster level. Adlabs one of the most beaten stock in recent times are on the way of recovery, as far as fundamentals are concerned after entering in internatinal foray the stock had made an smart expansion. Analysis below certainly indicated this stock to be a part of ones portfolio as it will certainly entertain by a good profit.

FUNDAMENTAL ANALYSIS:-
The company has a market cap of more than 2600 crs and is the largest company in entertainment section. On increasing demand of multiplexes in small cities the company is gradually and smartly expanding its foot. Newly announcement of entering in hollywood will certainly be a booster.

TECHNICAL ANALYSIS:-
The stock was an outperformer last month gaining from 406 Rs to 550Rs then trading in sideways of 503-550 range.The volume has increased substantially showing increased participation in this stock. Technically the stock has corrected and now is above its 50 sma. The daily RSI is indicating an up move and a strong support is witnessed at 526 levels.
Days BSE NSE
30 463.23 463.29
50 492.09 492.16
150 734.59 734.64
200 821.21 821.09

ADVICE TO INVESTORS:-
Based on the above analysis it is believed that the stock is now above its 50 sma and seems to be sustainable. One can buy this stock keeping a stop loss at 525 Rs. for the target given below.

TARGET:-
Based on above analysis targets estimated are
i) Short term – 595-605 Rs. for positional traders with stop loss of 525 Rs
ii) Medium term – 780-800 Rs. for investors, if it crosses 200 dma ie 734.60 and sustain there.
iii) Long Term – 1280-1400 Rs. for investors.

Note: - All above views are mine and before investing investors should apply their con sense and do it at their own risk.

HAPPY INVESTING