Entertainment & Amusement Play with Strong Fundamentals
The technical picture is obviously very strong here and institutional buying is evident in the volumes. On the fundamental side
Technically hold this till it breaches the 21 EMA and then move on the sidelines
- Company has 4Xed profitability over the past quarter with record increase in footfalls. its a unique company and the only listed amusement play in India
- Expansion into other Southern cities continues and capital is available
- May see some margin compression going forward but this doesnt seem to dissuade the bulls
- This quarter results are expected to be a repeat of the previous quarter
Technically hold this till it breaches the 21 EMA and then move on the sidelines
Best advice ever - Cut your position size by half.