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Here's why Astral Poly Technik has been gaining

Updated : December 31, 2020 10:08:54 IST

Astral Poly Technik has been gaining momentum. The stock rose 7 percent on December 30 and for the month, it has gained around 17 percent. It is 1.5 percent away from its 52-week high level.

In terms of volume, it has been buzzing at 1.8 times the average volumes and the turnover yesterday was equal to the turnover of the 5 days preceding yesterday.

In terms of levels to watch out for, it is above 20-50-100 and 200-day moving average and the current market price is Rs 1,717.

In terms of triggers, the management has been bullish and the home improvement theme has been gaining a lot of traction.

The management is looking at 15 percent growth for the next 5 years and margins at around 16 percent.

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