#IIFLCAPS

May 21

Asset: IIFL Capital Services Ltd (IIFLCAPS)
Breakout Level: 285
Potential Target: 350
Stop Loss: 260
Timeframe: Short to Medium term
Risk to Reward ratio : 1:3 (conservative)


Rationale:
Fundamentals -
Fundamentally decent stock with the following attributes:
* ROCE - 34.6%
* ROE - 33.2%
* Debt to Equity - 0.37
* Stock PE 12 / Industry PE - 15 || Stock PBV 3.44 / Industry PBV 1.98 - Company is slightly overpriced
* EPS / Revenue - Increasing over last 6 months

Technicals -
* Overall structure - Cup and Handle / The price is presently forming the handle
* Multiple timeframe analysis - Stock poised for up move
* Stock respects 10 DMA and 10 DMA is surfing seamlessly above 20 DMA
* Increasing momentum / RS
* ADR 5.8% / seeing some sluggishness

Market analysis
* Volatile
* Promoter holding is steady
* MFs and FIIs - slight decline
* DIIs - increasing

Cons
* Slow growth

This analysis is for educational purposes only and should not be considered as financial advice. Trading and investing in financial markets involve significant risk, and past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any trading or investment decisions. The author is not responsible for any financial losses or damages that may result from the use of this information.

Jun 1

Trade active

Shot up by ~7.5%

Jun 1

Note

Now breached it 200 DMA ceiling. We can expect some more movement as the finance sector is going good.