Manali's idea on rising crude prices !
Manali Petrochem is involved in the business activities of Manufacture of plastic in primary forms (includes amino-resins, polyurethanes etc.). So rising crude oil doesn't impact it much, dont go for the name of the company
Fundamentals
Company has a total operating revenue of Rs. 1,620.82 Cr. on a trailing 12-month basis. An annual revenue growth of 27% is outstanding, Pre-tax margin of 26% is great, ROE of 29% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.
Technical
The stock has an EPS Rank of 99 which is a GREAT score indicating consistency in earnings, a RS Rating of 43 which is POOR indicating the underperformance as compared to other stocks.
Along with it I have marked crucial Resistance and Support line for this stock on the chart.
Conclusion
Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.
Fundamentals
Company has a total operating revenue of Rs. 1,620.82 Cr. on a trailing 12-month basis. An annual revenue growth of 27% is outstanding, Pre-tax margin of 26% is great, ROE of 29% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.
Technical
The stock has an EPS Rank of 99 which is a GREAT score indicating consistency in earnings, a RS Rating of 43 which is POOR indicating the underperformance as compared to other stocks.
Along with it I have marked crucial Resistance and Support line for this stock on the chart.
Conclusion
Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.
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