BUY - IRB INFRASTRUCTURE
CMP - Rs. 26
Target - 1: Rs. 34
Target - 2: Rs. 40
Target - 3: Rs. 58
.
.
Technical - 1) Flat Base Pattern.
2) High Volumes in previous trading sessions indicating potential breakout.
3) Double Bottom chart pattern.
4) Positive breakout at first resistance, LTP>R1.
.
.
Fundamentals -
a) The Highway construction company has recorded toll collection at Rs. 369.9 crore for the month of March 2023, growing 20.6% over toll collection in the same month, last year.
b) Quarterly EPS has been consistently rising.
c) PE = 21 < SECTOR PE = 33
d) Number of MF schemes have risen from 6 to 8 in December 2022 quarter.
.
.
Comment:
a) Minimum Return - 28%
b) Maximum Return - 116%
.
.
This is only an educational idea. I am not SEBI registered, so don't accept this as investment advice.
As with any trade, always look first, then leap.
.
.
Follow me for more!
CMP - Rs. 26
Target - 1: Rs. 34
Target - 2: Rs. 40
Target - 3: Rs. 58
.
.
Technical - 1) Flat Base Pattern.
2) High Volumes in previous trading sessions indicating potential breakout.
3) Double Bottom chart pattern.
4) Positive breakout at first resistance, LTP>R1.
.
.
Fundamentals -
a) The Highway construction company has recorded toll collection at Rs. 369.9 crore for the month of March 2023, growing 20.6% over toll collection in the same month, last year.
b) Quarterly EPS has been consistently rising.
c) PE = 21 < SECTOR PE = 33
d) Number of MF schemes have risen from 6 to 8 in December 2022 quarter.
.
.
Comment:
a) Minimum Return - 28%
b) Maximum Return - 116%
.
.
This is only an educational idea. I am not SEBI registered, so don't accept this as investment advice.
As with any trade, always look first, then leap.
.
.
Follow me for more!