SagirKazi

Greaves Cotton - Ready to Fly

Long
NSE:GREAVESCOT   GREAVES COTTON LTD

Entry – CMP 157 (breakout was 156.8)
Stop loss -150.6 (Deep Stop 137)
Target 1 – 205.1
Target 2- 290.25
Duration – 2-3 years

Co produces electric engines for offices generators and ebikes (high demand for their products)
Co is almost debt free
Expect current financial year (Mar 2021) Co was making decent and consistent profits
Co is trading at Par Valuation (P/B) to its peers like Cummins , Swaraj engines , G G engineering.
Promoters of company are constantly added shares over last 2 years.
Co Owns Subsidiary Co named Ampere which produces electric Scoters.
2 Wheeler Electric segment is expected to grow at 70% CAGR over next 5 years. So huge Value building can be expected from Greaves Cotton .

Technical -
Volume accumulation is seen in last 2 weeks with Cup and Handle pattern on weekly chart.
Once Stock reaches all time high above 175.6 it will enter uncharted territory.

P.S : Holding this Script from lower levels.

Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
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Comments

Appreciate the detailed explanation. Thank you
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