Kovai Medical Center and Hospital (BSE: 523323|NSE: KOVAI|ISIN: INE177F01017) now (02 Jul 2014) at Rs 250 after a move of about 67% from Rs. 150 range in May 2014 may face resistance above Rs. 260.
The above prediction is based on the low to high move during last two occassion
On first occasion the share had moved from Rs 84 to Rs 151 from November 2009 to April 2010 an accretion of around 78%. On second occasion the share had move from Rs.109 in Nov 2012 to Rs. 189 in Jan 2013 an accretion of around 73%.
Now the share started its move from 152 in May 2014 and shall move till Rs. 260 in Mid of July 2014 an accretion of around 73% and then it may consolidated for some period before moving up based on strong news flows, as and when it happens
Source: www.moneycontrol.com/stock-charts/kovaimedicalcenterhospital/charts/KMC02
Having analysed the results of 2013-14 and expected earnings with the existing infrastructure of Kovai Medical Centre Hospital (KMCH) at Coimbatore my expectation for 2014-15 about Kovai Medical Centre Hospital is as follows.
Having analysed the results of 2013-14 and expected earnings with the existing infrastructure of Kovai Medical Centre Hospital (KMCH) at Coimbatore my expectation for 2014-15 about Kovai Medical Centre Hospital is as follows.
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