[High Risk] Laurus Lab - Real breakout or fakeout? What's cookin

Dec 27, 2024

[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

Dec 31, 2024

Trade active

Laurus T1 achieved , Above 600 now.
Will be interesting to see how it moves in the coming few days/weeks

Feb 5

Trade closed: target reached

Target 2 reached
Laurus Lab now 630+

Jun 11

Note

Going as expected - near 675

Jun 27

Note

Laurus Labs 690+
Hopefully, will reach the target in the coming weeks

Jun 30

Note

Laurus Labs 720+ ATH
All targets reached.

Jul 14

Note

Laurus 820+ now.... All targets reached... Not tracking anymore