amankavi
Long

FCL - Investment stock - Zero debt, strong balance sheet

NSE:FCL   FINEOTEX CHEMICAL
Expecting the scrip to surpass 52-week high with ascending channel as the small-cap company has strong fundamentals as also mentioned here :

https://www.moneycontrol.com/news/business/18-for-18-top-stock-ideas-for-2018-2469973.html

"The company’s names is Fineotex Chemical which is also known as FCL. Let us put it this way the company is one of India’s largest textile chemical manufacturer which provides customised solutions to the entire gamut of activities in the textile sector"

"Rs 22 crore equity, Rs             11 crore shares because it is Rs             2 face value, zero debt, consistent dividend paying company. Earnings per share of around Rs             1.80 of last year should at least become to Rs             2.50 this year and should move to Rs             3.50 to 4 next year. This is without one major trigger which I am coming to I think early this month in the very same place Bombay Stock Exchange the company was rewarded as the fasted growing chemical manufacturer in India."

Technically, MACD indicators showing the way with bullish crossover when the MACD turns up and crosses above the signal line.

Also, Checked and verified the relevant facts citied above in screener so the company remains strong buy for me and can even be averaged around crucial support line if the scrip gets minor pullback with sign of pledged stock
https://www.screener.in/company/FCL/consolidated/

Verified the same here as it is safe buy where risk to reward ratio is not much as the promoter holding is also more than 70% which makes it a conventional buy
https://www.valueresearchonline.com/stocks/snapshot.asp?code=21171&colzscr=1

Disc: Do your own analysis before investing :)
Trade active
But only face value disappointing is 02 Rs.
Reply
amankavi vijaypatil087
@vijaypatil087, True, FV is disappointing :)

However, I prefer to take this for long term as perils are few in par with advantages
Reply
@amankavi, ok
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out