#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positional
MAITHAN ALLOYS LTD
good support at 930 levels, trading in a range for almost 9months now.
Would be a safe bet to enter if it breaks 1250/60 levels
Keep positional view hold for 6months to 2years
Stock has the capability to 2x-4x from here very short term target will be around 1310 / 1400
For the short term keep SL of 1050 and for long term keep SL of 1000/950 levels
Alloys supplies from Ukraine and the Russian region are stopped completely. India alloy companies are benefitting. Prices going up in international markets.
Maithan Alloys has made 300 crs net profit in last quarter, they used to earn 250 crs average net profit annually earlier.
Maithan Alloys will have above 1000 crs cash on the Balance sheet by FY end. Market Cap is 3300 crs
Note:
Above levels are for education purposes only.
Use your own analysis before taking any trade.
good support at 930 levels, trading in a range for almost 9months now.
Would be a safe bet to enter if it breaks 1250/60 levels
Keep positional view hold for 6months to 2years
Stock has the capability to 2x-4x from here very short term target will be around 1310 / 1400
For the short term keep SL of 1050 and for long term keep SL of 1000/950 levels
Alloys supplies from Ukraine and the Russian region are stopped completely. India alloy companies are benefitting. Prices going up in international markets.
Maithan Alloys has made 300 crs net profit in last quarter, they used to earn 250 crs average net profit annually earlier.
Maithan Alloys will have above 1000 crs cash on the Balance sheet by FY end. Market Cap is 3300 crs
Note:
Above levels are for education purposes only.
Use your own analysis before taking any trade.
Comment:
Also strong share holding pattern