Muthoot Cap
CMP 380.
Can it regain its old glory ?
Yes, if the 2 wheeler segment picks up in India.
We’re yet to cross annual sales numbers of 2018 in 2 wheelers segment . But if the cycle has completed (peak and trough) ,then this can work out.
And we might see a K shaped recovery in Indian economy…we saw rich and upper middle class recivering fast after Covid, and now we might see a trickle down effect to lower strata of the society .
And that may improve the sales of this companies that are languishing for last 2-3 years.
Muthoot Cap Weekly Chart
Disclaimer : Invested and biased.This post is just for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
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