Long LT Foods on minor corrections

Daawat looks promising price strength-wise and earnings wise. i will be looking to initiate a position on corrections of 10/15%

Technical: Daawat has clocked the highest monthly volume since Jan 2018 and it's up 50% in June 2020. Makes the case to look at it for a trade

This stock shows decent sales and profit growth.

3 years of sales growth - 9.6%
3 years of profit growth - 9.2%
Margins at a higher level of 11%, If the margins sustain or go higher we can see higher profits and further price appreciation
TTM earnings are up 45%
If there are no earnings surprise in the next quarter, we can expect it to go up by 50-60%

Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini

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