1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Hi-tech Plast locked in upper circuit

Discussion in 'Fundamental Analysis' started by naveen1241, Jul 1, 2014.

  1. naveen1241

    naveen1241 Responder

    Joined:
    Jul 11, 2012
    Messages:
    292
    Likes Received:
    52
    Hi Shabbir,

    Did you watch Hitech Plast movement ? Yesterday locked in upper circuit :) . What made the share soar up like this ? Longtime back, I too had invested around 55 levels and now it's at 73. Are there reasons to sustain this upmove ?

    Thanks
    Naveen
     
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    I don't think the move is sustainable and it is a low floater to be trading technically. Fundamentally the stock is good.