NeeteshJain
Long

Graphite India: Positive Divergence - Investment (3)

NSE:GRAPHITE   GRAPHITE INDIA
Fundamentally: Strong and Undervalued
P/E: 2.38
BV: 274
P/BV: 1.54
Debt to Equity: 0.04
Consistent profit growth of 51% for last five years.
Stock shall move upto 2-3 times of it book value, indicating a price range of 550-750 in coming year ahead.

Technically: Recovery from downtrend
Positive Divergence observed on the chart, indicating an upside from current levels to target of 600-700, with SL 400.
Comment:

Chart indicating 600-700 range target, which may provide more than 50% returns.
its not going up , it is coming down again
+3 Reply
NeeteshJain I-Fund-Trader
@I-Fund-Trader, It is just consolidating between 400-440 levels, hold with conviction and it shall surpass 450 levels and then 600. All the best.
+1 Reply
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