Time period given by analyst is Intra Day when Prince Pipes & Fittings Ltd. price can reach defined target.
Prince Pipes & Fittings Ltd., incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 7907.55 Crore) operating in Plastics sector.
Financials
For the quarter ended 30-06-2021, the company reported a Standalone Total Income of Rs 332.80 Crore, down -56.54 % from last quarter Total Income of Rs 765.85 Crore and up 8.16 % from last year same quarter Total Income of Rs 307.69 Crore. Company reported net profit after tax of Rs 17.75 Crore in latest quarter.
Investment Rationale
The stock has resumed uptrend after breaking out of a trendline resistance on good volumes. Technical indicator RSI has turned upwards after taking support at the 60-level suggesting strength in the stock.
Promoter/FII Holdings
Promoters held 63.3 per cent stake in the company as of Sept 30, 2020, while FIIs held 7.3 per cent, DIIs 11 per cent and public and other 18.4 per cent.
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