A promising company, growing at a fast pace but as with a new stock making splash, it soon comes under scrutiny and questions are asked:
- a public shareholder who held over 18% stake in 2022 has been on a selling spree, counter argument being he has been holding when the share price was below 75 and is cashing his chips, also, promoter has increased stake, known investors like quant mf, ashish kacholia has entered.. we shall get some answer to that dilemma in the next quarter SHP
- negative cah flows, stretched inventories and increasing borrowings Y on Y, counterargument being that its a fast growing company so such matrices are expected, especially when sales & net profits have increased by 2x & 6x in two years
It has fallen from a downward sloping parallel channel, more downside expected if it breaks 1048, stock may breach 900... alternatively, a cup & handle, bullish if bounces from hereon for target of 2060 with SL of 1048..
- a public shareholder who held over 18% stake in 2022 has been on a selling spree, counter argument being he has been holding when the share price was below 75 and is cashing his chips, also, promoter has increased stake, known investors like quant mf, ashish kacholia has entered.. we shall get some answer to that dilemma in the next quarter SHP
- negative cah flows, stretched inventories and increasing borrowings Y on Y, counterargument being that its a fast growing company so such matrices are expected, especially when sales & net profits have increased by 2x & 6x in two years
It has fallen from a downward sloping parallel channel, more downside expected if it breaks 1048, stock may breach 900... alternatively, a cup & handle, bullish if bounces from hereon for target of 2060 with SL of 1048..