AMBALALSA - MONTHLY BREAKOUT WITH TURNAROUND POTENTIAL

Jul 11

Hi Friends,

Today I'll like to share a very interesting company Ambalal Sarabhai Enterprises Ltd

Fundamentals:

MCap - 548Cr
Mcap/Sales - 3.16
Promoter Holding - 30.8%
PE - 96

On the onset, everything looks bad about this company except PRICE ACTION & FY23 AR (Especially Director's Report)

Some Key factors in the report

- Strategy of moving business to focussed subsidiaries has been successful
- Asence Pharma has started a new Oncology and Synthetic API plant
- Synbiotics is manufacturing an antifungal active ingredient - Amphotericin B
- Sarabhai M Chemicals has started manufacturing Vitamin C coated products
- Vovantis Labs has setup a state of art manufacturing facility to expand business
- CoSara DIagnostics has the exclusive manufacturing rights in India for the complete menu of its US partner - Co-Diagnostics

So many turnaround factors which is clearly indicated by Price Action

Technicals

On a monthly chart, PA has formed a CUP and HANDLE with breakout. This is a powerful indication of confirming the fundamentals stated above.

This pick is for those who like turnaround candidates (dark horse)

Hope you'll like this idea,

Thanks,
Stock-n-Shine