08–07–2021
AWHCL technically was good, when trading around Rs.250 and was also on our buy radar at that price point. At present stock is facing a hurdle to go upwards, sooner or later our metros and urban centers would realize the need to handle waste properly. We see water clogging in the slightest of rains and our municipal corporations fail miserably in handling quite simple situations and create a disaster out of it. As it is one of the only listed entities in such a business model, I like the company since its IPO days. But its success or failure much depends on the Government Agencies because most of the business comes from Municipal Corporations, so we only stick to the technicals of the stock than to the fundamentals as of now. No fundamentals can predict the future of a company. If the hurdle around Rs.344 is crossed then the momentum upwards we can expect Rs.388-Rs.439. Also, the FII holding attracts me towards the stock.
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