If we look at its historical chart, Hindustan Foods mimics itself and is all set to break out from the current levels and cross its ATH soon. The strongest reason being that it has consolidated and provided us with only 56% returns over the last 3 years despite showing decent results. Current PE stands at 73 and it can very well cross 100 in the near future.
It closed over 620 today which is a good sign and if the market doesn’t behave adversely, we may be able to see the share price crossing 700 this week itself.
All those who held on to it with patience shall be rewarded handsomely.
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