Long

Orient refractories - Classic C&H bullish pattern

334
ORIENT REFRACTORIES
CMP : 202
STOP : 170
TARGET : OPEN

Technicals
1) Stock broken out of a classic C & H pattern with huge volumes.
2) All key MAs pointing towards a strong uptrend

Fundamentals
1) Last 4 quarters Y-o-Y EPS growth and sales growth exhibiting strong uptrend
Date EPS %Chg Sales(Cr) %Chg
Mar-18 2.29 +56% 178.9 +40%
Dec-17 1.84 +32% 157.8 +23%
Sep-17 1.68 +20% 148.4 +12%
Jun-17 1.36 -6% 141.7 +8%
2) Free float - 30% / Equity capital Just Rs 12 crores and Free float Rs 3.6 crores.
3) Debt Equity Nil.





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