With recent acquisition of kurlon, sfl has boosted it's product profile.
Mkt share nearly 60% with strong European presence and demand, this mkt leader will yield higher profits on economies of scale with higher volumessnd lowering input cost of TDI. Make it a suggested buy n accumulate till 1045-65 if available in correction. Potential upside 1250-1350-1475. Signals of bottoming out RSI and lower volumes with bullish flag kind of pattern on weekly charts supports the probability of limited downside with significant upside. Accumulate - sir tight for next 6-9months for good returns.
Mkt share nearly 60% with strong European presence and demand, this mkt leader will yield higher profits on economies of scale with higher volumessnd lowering input cost of TDI. Make it a suggested buy n accumulate till 1045-65 if available in correction. Potential upside 1250-1350-1475. Signals of bottoming out RSI and lower volumes with bullish flag kind of pattern on weekly charts supports the probability of limited downside with significant upside. Accumulate - sir tight for next 6-9months for good returns.