Vimta labs has been range bound of late. Even a laggard we can say during last few weeks, where markets and other stocks have gone up a lot and this one has gone sideways/down.
Fundamentally results have been good and management sticks to achieving target of sales of nearly double the current levels in 3 years time frame. Whether this can be delivered or not needs to be seen.
I had already mentioned earlier that I use corrections to make switches which I feel are likely to be more profitable. In case of Vimta, I trimmed my positions and converted a lot of it to fluorochem and HBL where I can clearly see higher business momentum and stronger chart patterns.
The current market offers a lot of trading opportunities if one has an eye to pick up trading picks and a mindset to play short to medium term momentum trading. We can pick out sectors showing strength and try to look within them for strongly trending stocks.
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