Britannia is ready to leave the ground and start flying

7 hari lalu

Hello everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought another nifty50 stock which is trading at important support zone, Probability is high it can take off means it can leave the ground and flying in blue sky.. I am expecting minimum 35%+ move in this swing, if you check chart above i have shown every swing since it has given a breakout in November 2022, and then it is just making higher highs and higher lows channel and respecting the upward support trendline, this time again we have seen correction in many stocks so britannia also corrected and it is just trading above to Upward support trendline, i am expecting it will surely take support in this zone and fly in blue sky. I already have mention the levels above for stop loss and targets please follow in your trading.

Fundamental Analysis

D/E is 0.52

Interest Coverage ratio is 18.77

D/E 0.52 has reduced as compared to last year's D/E 0.84

ROCE is 49.25%

ROE is 57.1%

ROCE 49.25% is higher than 5 years ROCE average 45.76%

ROE 57.1% is higher than 5 years ROE average 52.47%

Operating Profit Margin (EBITDA Margin) is 18.9%

Operating Profit Margin (EBITDA Margin) 18.9% has improved as compared to last year's OPM 17.11%

NPM is 12.76%

Dividend Yield is 1.5%

Free Cash Flow yield is 1.72%

Company has a negative Cash Conversion Days of -27.09

Dividend pay-out is 82.75% of Net Profit

3 Years Sales CAGR is 13.07%

3 Years Profit CAGR is 15.11%

FII have increased their stakes by 0.5% in the latest quarter (17.41% to 17.91%)

Retail/Public have reduced their stakes by 0.46% in the latest quarter (16.69% to 16.23%)

Retail/Public have reduced their stakes by 4.71% in last 3 years

Promoters + FIIs + DIIs hold 84.69% in the company


Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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