CUP and HANDLE PATTERN - SUBROS - Potential Multi-Bagger

SUBROS - A potential multi-bagger

Subros Limited is India's Leading Thermal Products company for Automotive Segment.

Subros Limited, was founded in 1985 as a joint venture public limited company with 36.79% ownership by Suri family of India , 20% ownership by Denso Corporation , Japan & 11.96% ownership by Suzuki Motor Corporation , Japan , is the leading manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso.

Subros has manufacturing plants at Noida (2 nos.), Manesar, Pune, Chennai and Sanand with an annual capacity of 1.5 Million AC Kits per annum beside a well equipped R&D Center and Tool Room at Noida.

The company manufactures compressors, condensers, head exchangers and all the connecting elements which are required for Air-Conditioning in Vehicles, Commercial & Residential ACs, Bus and Rail ACs as well as Transport Refrigeration System.

With recent launch of Gati-Shakti project by the Govt. of India, the transportation sector will see a sheer change and companies like Subros are likely to get new orders which will take the company into new high.

With this Fundamentals in place, when we see the price chart of Subros, it was interesting to find that the price chart is forming a Cup and Handle Pattern which is considered as a very Bullish Pattern in Technical Analysis. This chart can be put in the watch-list.

TECHNICAL CHART

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