Technical Analysis:-
- Stock All time low near 25.
- Stock reversed from 25 making a double bottom.
- High Volume seen in the Stock in past few months.
- Major Support Zone is 46 to 56.
- 4th time the stock is near Resistance Trendline.
- Breakout Above 70 is possible with this high volume.
- Support at 56-46-25
- Resistance at 100-190-240
Fundamental Analysis:-
Market Cap ₹ 2,968 Cr (A Small Cap - Scope of Rise)
Stock P/E 11.4
Industry PE 56.1 (Stock PE is Below Industry PE - Scope of Rise)
Current Price ₹ 62.2
Book Value ₹ 69.0 (Stock Below its Book Value)
Graham Number ₹ 93.6 (Stock Below its Graham Number)
ROCE 2.97 %
ROE 6.01 %
Promoter holding 74.9 % (Good Promoter Holding - Shows Promoters faith in the Company)
Pledged promoter 0 % (No Promoter Pledged - Positive Sign)
Debt 7 Years Ago ₹ 854 Cr.
Debt 5 Years Ago ₹ 530 Cr.
Debt 3 Years Ago ₹ 213 Cr.
Debt in 2023 ₹ 26.6 Cr.
- Continuously Reducing Debt from Last 7 Years.
- Debt is too less as compare to Market Capital.
- Now Its Debt Free Company.
- It has Largest Subscriber Base amongst all cable players in India.
- A Subsidiary of Reliance Industries - holds 75% stake in the company as of Financial Year 2023.
Levels:-
Buy @ 56-60
Accumulate More from 56 to 46
Positional Target - 100.
Long Term Targets - 190 & 240.
Stoploss 40.
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Happy Trading :-)
- Stock All time low near 25.
- Stock reversed from 25 making a double bottom.
- High Volume seen in the Stock in past few months.
- Major Support Zone is 46 to 56.
- 4th time the stock is near Resistance Trendline.
- Breakout Above 70 is possible with this high volume.
- Support at 56-46-25
- Resistance at 100-190-240
Fundamental Analysis:-
Market Cap ₹ 2,968 Cr (A Small Cap - Scope of Rise)
Stock P/E 11.4
Industry PE 56.1 (Stock PE is Below Industry PE - Scope of Rise)
Current Price ₹ 62.2
Book Value ₹ 69.0 (Stock Below its Book Value)
Graham Number ₹ 93.6 (Stock Below its Graham Number)
ROCE 2.97 %
ROE 6.01 %
Promoter holding 74.9 % (Good Promoter Holding - Shows Promoters faith in the Company)
Pledged promoter 0 % (No Promoter Pledged - Positive Sign)
Debt 7 Years Ago ₹ 854 Cr.
Debt 5 Years Ago ₹ 530 Cr.
Debt 3 Years Ago ₹ 213 Cr.
Debt in 2023 ₹ 26.6 Cr.
- Continuously Reducing Debt from Last 7 Years.
- Debt is too less as compare to Market Capital.
- Now Its Debt Free Company.
- It has Largest Subscriber Base amongst all cable players in India.
- A Subsidiary of Reliance Industries - holds 75% stake in the company as of Financial Year 2023.
Levels:-
Buy @ 56-60
Accumulate More from 56 to 46
Positional Target - 100.
Long Term Targets - 190 & 240.
Stoploss 40.
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Happy Trading :-)