Thursday, 31 August 2017

HSCL Share Report and Trading Tips for Tomorrow by Expert ( 31 Aug 2017 )

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in HSCL.

HSCL is the stock which I would recommend to buy above Rs 106; this can see a upside to levels closer to Rs 110-112 zones, keep stop loss below Rs 101.

EBITDA of the company for the year is increased mainly on account of higher operating inefficiencies and increase in capacity utilisation.

The Company continued to enjoy working capital facilities under multiple banking arrangements including State Bank of India, Central Bank of India, ICICI Bank, The Hong Kong and Shanghai Banking Corporation(HSBC), DBS Bank, Citibank, Axis Bank, Yes Bank, Indusind Bank, Union Bank of India and IDBI Bank Ltd. The Company has been regular in servicing these debts.

HSCL was closed 6.43 per cent up today at Rs 105.10 NSE.



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