0Bhageria Industries Ltd “Bhageria Industries Limited, formerly Bhageria Dye-Chem Limited, is engaged in the manufacturing and sale of chemicals, dyes and dyes intermediates required for dye manufacturers and merchant export of related items. The Company is also engaged in generation of solar power. The Company operates through two segments: Solar Power and Chemicals. The Solar Power segment is engaged in the generation and distribution of solar power. The Chemicals segment is engaged in the manufacturing and trading of chemicals, and dyes.
Company reported very good results and the management is working too good for the devlopment as you can see their on going projects and business expansion modules.
Well let’s come to the fundamental promoters are holding around 48% of the shares which indicates healthy growth for the company as they are so confidence about and not going to sell their shares in any near term it seems,
Now let’s move to the technical terms the stock is already trading over Golden crossover and given the buy at around 166 level and contnious break-out pattern formation is there on charts and still it’s not showing any sign of weakness.
For investment purpose I would advice you to enter around 580–600 level some little correction may come at this point.
