[High Risk] Laurus Lab - Real breakout or fakeout? What's cookin
[High Risk] Laurus Lab - Real breakout or fakeout? What's cooking?
Fundamentals
MCAP- 31000 Cr
PE - 242 > Industry PE of 34.51, Extremely expensive
PEG Ratio is 21.31
Debt to Equity is 0.67 and ICR is 1.9
ROE is 4%, ROCE is 6.6% ( 5yr ROCE is 21%)
Sales growth is -5%, 5yr Sales growth is 17%
Profit Growth is -65%, 5yr Profit growth is 11%
Promoter holding is 27% , constant in last one year
FII Holding has gone up steadily in past few quarters
DII holding on uptrend , however has reduced slightly in last quarter
Latest results - Poor results for past few quarters and hence risky preposition
Technicals
CMP - 586
Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 67
Nearly overbought
Commentary
As seen in the charts , the stock has been trading in the parallel channel since mid 2023. Recently it has broken out of this parallel channel with steady volumes near 520-530 range
The stock has to move above the multi year resistance at 600-625 range to touch ATH of 720
Target :
T1 : 600>625>720
Timeframe : 3-6 months
Risks : Poor results in the last few quarters. Have a strict stop loss as per your risk appetite.
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Fundamentals
MCAP- 31000 Cr
PE - 242 > Industry PE of 34.51, Extremely expensive
PEG Ratio is 21.31
Debt to Equity is 0.67 and ICR is 1.9
ROE is 4%, ROCE is 6.6% ( 5yr ROCE is 21%)
Sales growth is -5%, 5yr Sales growth is 17%
Profit Growth is -65%, 5yr Profit growth is 11%
Promoter holding is 27% , constant in last one year
FII Holding has gone up steadily in past few quarters
DII holding on uptrend , however has reduced slightly in last quarter
Latest results - Poor results for past few quarters and hence risky preposition
Technicals
CMP - 586
Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 67
Nearly overbought
Commentary
As seen in the charts , the stock has been trading in the parallel channel since mid 2023. Recently it has broken out of this parallel channel with steady volumes near 520-530 range
The stock has to move above the multi year resistance at 600-625 range to touch ATH of 720
Target :
T1 : 600>625>720
Timeframe : 3-6 months
Risks : Poor results in the last few quarters. Have a strict stop loss as per your risk appetite.
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Trade active
Laurus T1 achieved , Above 600 now.
Will be interesting to see how it moves in the coming few days/weeks
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