HMA AGRO INDUSTRIES LTD
Long

HMAAGRO (HMA Agro Industries Ltd)

225
Observe Swing Investment Research

HMAAGRO (HMA Agro Industries Ltd) looks good above 620
Sl 560
Target 640-665 and above 665 targets of 700-800 can be expected

Holding Period Few months

Pros~
Consolidation for a long period of time, today price has broken the range with good volumes.
Price action is looking good
Company has a good return on equity (ROE) track record: 3 Years ROE 33.3%

Cons~
Company might be capitalizing the interest cost
Earnings include an other income of Rs.55.8 Cr.

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