Edelweiss - Value Pick
A stock that's a potential turnaround company.
A sum of parts values the company at around 33,000cr.
They are sitting on approx 7000cr of liquid investments.
If the stock falls to 88 it'd be the perfect breakout retest but it'd be available then for approx 8500cr (Which is insanely cheap if you consider the 7000cr liquid investments).
The insurance business will soon turnaround.
So for long term value investors around 88 might make for a great point to start buying the stock. Additionally 104 is a key support (20WEMA) from where many stocks tend to reverse if they are going to st art a strong uptrend.
Watch for this stock with a 1-2 year horizon.
A sum of parts values the company at around 33,000cr.
They are sitting on approx 7000cr of liquid investments.
If the stock falls to 88 it'd be the perfect breakout retest but it'd be available then for approx 8500cr (Which is insanely cheap if you consider the 7000cr liquid investments).
The insurance business will soon turnaround.
So for long term value investors around 88 might make for a great point to start buying the stock. Additionally 104 is a key support (20WEMA) from where many stocks tend to reverse if they are going to st art a strong uptrend.
Watch for this stock with a 1-2 year horizon.
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