Stock has corrected a lot after its IPO. Since February it has been trading in a range and looks like consolidated well and today it has broken the consolidation range, above that may give a potential breakout in upside. Fundamentals are also improved in last quarter and trading at a PE of 18.5. Company has reduced debt and almost debt free. Also company has delivered a solid profit growth of 70.2% CAGR over last 5 years. Company has a good return on equity (ROE) track record: 3 Years ROE 43.0%. Debtor days have improved from 294 to 37.8 days.
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