CMP 621
Long suggested ONLY ABOVE 650.
Stop 590
Target Open
Technical logic:
1) Stock has been in a strong uptrend with stock above key MAs.
2) Stock has been consolidating from 52 week highs and during consolidation process has dropped 28% in the first swing, 22% in the second swing and 11% in the third swing indicating a VCP in progress along with volume contraction.
Fundamental logic:
1) Key profitability parameters witnessed steady annual growth in the last 4 quarters.
Sales / Operating Profit / Net Profit (Quarterly Y-o-Y growth).
Sep-17 Dec-17 Mar-18 Jun-18
26.21% 48.16% 43.23% 50.37%
7.94% 40.95% 48.21% 56.00%
39.91% 99.61% 68.02% 101.31%
2) Promoter holding 65%.
Note:
Debt/Equity 1.4, Mkt cap 850 cr; FF 250 cr.
Long suggested ONLY ABOVE 650.
Stop 590
Target Open
Technical logic:
1) Stock has been in a strong uptrend with stock above key MAs.
2) Stock has been consolidating from 52 week highs and during consolidation process has dropped 28% in the first swing, 22% in the second swing and 11% in the third swing indicating a VCP in progress along with volume contraction.
Fundamental logic:
1) Key profitability parameters witnessed steady annual growth in the last 4 quarters.
Sales / Operating Profit / Net Profit (Quarterly Y-o-Y growth).
Sep-17 Dec-17 Mar-18 Jun-18
26.21% 48.16% 43.23% 50.37%
7.94% 40.95% 48.21% 56.00%
39.91% 99.61% 68.02% 101.31%
2) Promoter holding 65%.
Note:
Debt/Equity 1.4, Mkt cap 850 cr; FF 250 cr.
Trading is my passion.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Trading is my passion.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.