VALIANT ORGANICS LIMITED
Panjang

VALIANTORG - A possible multibagger.

216
BSE listed:
Name : Valiant Organics Ltd.
Code: 540145

Trading idea:
Long suggested above 1185
Stop at 935
Lots 40 (for a capital of Rs 1 lac and a risk appetite of 10%).

Technical rationale:
Stock has corrected 22% from 52wks high with low volumes
and has been in a consolidation phase for the last few days,
effectively scaling up by 10%.
Stock possibly finding support at R4 Cam pivot.

Fundamental rationale:
ROCE 47%
ROE 30%
D/E nil
Promoter holding 46%
YoY d_CFO 100%
YoY d_NP 41%
YoY d_Sales 64%
(all as on Mar 2018 ; Quarterly fig not available).

Risk:
Low volume stock.
Only BSE traded.
Highly susceptible to downward freeze in case of broader market correction.

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.