Ambika cotton mills -Bullish structure

Ambika Cotton Mills is engaged in manufacturing and selling speciality cotton yarn catering to the needs of manufacturers of premium branded shirts and t-shirts. Exports constitute significant portion of the operations. The company operates with total installed spindle capacity of 108288 (Previous Year 108288 Spindles) of compact facility housed in four units and Knitting facility of converting 40,000 Kgs of yarn per day into fabrics.
Quarterly updates

• Net profit up 177% to rs 29 crore YoY.
  Declared 35 rs dividend
  

Technicals

Cup& handle breakout.

Demand zone - 1200-1240

Possible target:- 1450-1700-1850

Keep Stoploss:- 1070(WC)


Only for educational Purpose

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