Hi,
Whats the reason behind bearish of EIL for the past two weeks ?
EIL is one of the best performing PSU with good earning release
Thanks in Advance
Regards
Gowtham s
It provides engineering and related technical services for petroleum refineries and other industrial projects. Now. as the demand for petrol has decreased, the companies profits seem to suffer. There are also some chances that the company might be sold to private companies.
Technically, until breaks 64, it is in an up trend.
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