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Stock Informer
 Type : Equity | Source: IndiaNotes.com | 27 Apr 2017
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STOCK INFORMER

TELEGRAM ID: t.me/profitshares

27 April 2017

RKDL --- CMP - 13.65 --- TGT - 16

BSE: 533294 | NSE: RKDL | SECTOR: Breweries & Distilleries |

Ravi Kumar Distilleries Limited is engaged in the business of manufacture and trade of Indian Made Foreign Liquor (IMFL) under its own brand portfolio.For the nine months ended 31 December 2016, RKDL revenues increased 22% to RS454M. Net loss decreased 59% to RS16.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Finance Costs decrease of 35% to RS19.4M (expense), Depreciation & Amortization Expenses decrease of 5% to RS2.4M (expense).

The stock on the daily chart is currently at 13.5, it has gained momentum in previous trading sessions, which shows its potential to remain upwards in the near term. Technical indicators like indicates buy signal, therefore, one can buy in the current levels for the upside target of 15.80 for short term and 17-18 for long term with SL below 10. Looking at the momentum we anticipate that it will breach its 52 week highs and reach its desired target.

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DISCLAIMER: Stock trading involves high risk and one can lose Substantial amount of money. The recommendations made herein Do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will Not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on technical analysis only. NOTE WE HAVE NO HOLDINGS IN ANY OF STOCKS RECOMMENDED ABOVE.

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