akashbothra

NDTV multiyear breakout

Long
akashbothra Updated   
NSE:NDTV   NEW DELHI TELEVISI
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 a consolidation since 17th Apr'15 NDTV today with high volumes. YOY quarter sales increased by 10% and YOY quarter profit increased by 36%. It's a good multiyear breakout and can be bought at current levels with a stop just below Rs. 136.

Other Fundamentals: -
1. Company has reduced debt (from 191cr in Mar'18 to 52cr in Sep'21)
2. Company has delivered good profit growth of 27.05% CAGR over last 5 years
3. Company has a good return on equity (ROE) track record: 3 Years ROE 41.08%
4. Promoter holding is high at 61.4%
5. ROE at 60%
6. Debt to equity 0.29, Int Coverage 6.69, FCF to CFO 329 %
Comment:
Increasing strength even in this market, it will show better prices in future. Buy on dips.
Comment:
It's taking support at previous resistance line. If it bounces back above Rs. 186, that will be another chance to grab this one. Stop loss in that case will be the support price

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