Laurus Labs results have been good though not earth shattering. The fact that the stock price remains below 200 dema even after these results tells us that. Maybe some more positive doses of news/information/rumours are needed to take the stock price further up.
I think a breakout and close and then sustaining/consolidating above 525-530 would signal a possibility of further upmoves.
After crossing its post IPO high of 130 (adjusted for splits) in July 2020, stock price went up to post a high of 723 in August 21, a gain of more than 5 times in around a year. So it might take time for earnings to catch up before stock price makes a major upmove. I would not expect the stock price of Laurus to go up in a similar fashion of 5 times in 1-2 years from current levels. Going ahead, I think the best case for Laurus is to occupy a portfolio as a compounder.
@Shakti_Srivastava I don’t track Affle or RACL. Schaeffler India was an exit based on technical targets being achieved.
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