The stock is in a strong bearish phase… A high beta stock, regularly gives solid breakdowns… this one is expected to continue for a while as its come after a huge rise. 38% retracement is @ 790 and then its all the way down to 740. Fundamentally the sector is in a uptrend and this being the strongest play in the sector will ultimately make a new high (cross1225), the management is doing all the right things - being conservatively aggressive (as the recent golf course extn land buy demonstrated), Mumbai entry, Goa-crazy development… should be a trend setter. Margins should look up now as the new-price products start getting delivered - the focus clearly being on timely execution… Sales momentum is on with the Super-premium (better than Camellias) on the way. 17k cr sales guidance should be beaten. Balance sheet has never been better. The rental piece firing on all cylinders… 6kcrs FY25 exit rentals guided. What can go wrong?? Haryana Politics-Can it have an impact?
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