vanathi
Long

Gravita India - Investment Stock!

BSE:GRAVITA   GRAVITA INDIA LTD
587 views
27
587 19
Gravita has formed rounding bottom and now it is in the process of breakout or it may form handle. In that case rounding bottom will become cup and handle pattern. So I applied fib levels. When the price crosses .382 which is above 90pts with high volume it will make the price to reach 130 and 160 in 1 to 2 yrs. Consult your financial manager before investing.
Note : I have posted about Gravita in march and targets were done and the trade was closed.
Jun 26
Trade active
Jul 20
Trade active
Aug 31
Trade active
Sep 19
Comment: In 3 months target 1 done!
Oct 01
Trade active
Apr 13
Trade closed: target reached: Targets done!
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Comments

My 2 cent:
GRAVITA (other metals: Engaged in manufacturing of plastics & nonferrous metals i.e. Aluminium and Lead over 24 years) now trading @77,
technically as you said, it looks in a better position, also expected to give good quarter& has been maintaining a healthy dividend payout of 25%.

But at 24 PE it looks over priced, the Stock is trading at 6.5 times its book value,
the company has delivered a poor growth of 11.2% over past five years.
& has a low return on equity of 11.5% for last 3 years. Lets hope for Good.
+3 Reply
vanathi padiyaraa
@padiyaraa, I agree with your view. After a long time seeing you commenting :)
Reply
padiyaraa vanathi
@vanathi, I was busy lil bit busy.But I make my effort to find better opportunity every time.
see you again, with more attacking comments. ha ha
Reply
vanathi padiyaraa
@padiyaraa, hahaha, no chance :)
Reply
sausawan vanathi
@vanathi, Technical VS Fundamental meet :)
Reply
vanathi sausawan
@sausawan, Yes :)
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padiyaraa vanathi
@vanathi, and my off today..he he
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vanathi padiyaraa
@padiyaraa, Whether you are busy or having less time, you post ideas. That inspire me to do my work without giving/finding excuses :)
+1 Reply
padiyaraa vanathi
@vanathi, oh that is an honor my dear sister. I will do my best.
Reply
vanathi padiyaraa
@padiyaraa, Ok big bro :)
Reply
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