Long
NB Ventures buying opportunity
Updated
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. First sell on initial stop loss hit or close below supertrend
After posting a quarterly sales growth of 44%, a quarterly profit growth of 58% and OPM improvement from 41% to 43% NSE:NBVENTURES gave a high-volume breakout, retested the support zone and resumed its uptrend. It is a buy at current levels with a stop loss at or below Rs.129
Other Fundamentals: -
1. Stock is trading at 0.47 times its book value
2. Debtor days have improved from 197.31 to 130.94 days
3. Debt coming down since Mar'17
4. Promoter stake increased from 45.53% in Mar'21 to 49.51% in Dec'21
5. FII stake increased from 2.25% in Mar'21 to 6.25% in Dec'21
6. The Company’s Ferro Alloys facilities are supported by captive power from its own power plants giving them certain inherent advantages in terms of availability of power and control on costs
7. The company has entered into a Conversion Agreement with TATA Steel Mining Limited (TSML) for conversion of high carbon ferro chrome. The Agreement postulates that the entire smelting capacity of the Odisha plant is dedicated to TSML to produce up to 70,000 metric tons of high carbon ferro chrome per annum. The duration of the Conversion Agreement with TSML is from December 1, 2020 to March 31, 2025
8. Company plans to increase the capacity of its power plant to 600MW in the second phase, depending on the build-up of demand for power in the region
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. First sell on initial stop loss hit or close below supertrend
After posting a quarterly sales growth of 44%, a quarterly profit growth of 58% and OPM improvement from 41% to 43% NSE:NBVENTURES gave a high-volume breakout, retested the support zone and resumed its uptrend. It is a buy at current levels with a stop loss at or below Rs.129
Other Fundamentals: -
1. Stock is trading at 0.47 times its book value
2. Debtor days have improved from 197.31 to 130.94 days
3. Debt coming down since Mar'17
4. Promoter stake increased from 45.53% in Mar'21 to 49.51% in Dec'21
5. FII stake increased from 2.25% in Mar'21 to 6.25% in Dec'21
6. The Company’s Ferro Alloys facilities are supported by captive power from its own power plants giving them certain inherent advantages in terms of availability of power and control on costs
7. The company has entered into a Conversion Agreement with TATA Steel Mining Limited (TSML) for conversion of high carbon ferro chrome. The Agreement postulates that the entire smelting capacity of the Odisha plant is dedicated to TSML to produce up to 70,000 metric tons of high carbon ferro chrome per annum. The duration of the Conversion Agreement with TSML is from December 1, 2020 to March 31, 2025
8. Company plans to increase the capacity of its power plant to 600MW in the second phase, depending on the build-up of demand for power in the region
Trade closed: stop reached
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