It has been observed that the price action is trending down technically but on the fundamental side the valuations are improving and looking good. Some of the key valuation indicators are as follows:
1. P/E: 13.3 (Undervalued)
2. Book Value: 74
3. Debt to Equity: 0.01 (almost a Debt free company)
4. Current Ratio: 3.3
5. Net Profit Margins: 30%
6. Return on Assets: 10%
7. Return on Equity: 10%
8. Reserves & surplus: 22000 cr.
Overall, the company has a good and sustainable fundamentals and it shall perform well in future. As per the Motilal's research report the long term target is Rs. 180, a return of 50% from here on. (link to the report www.motilaloswal.com...8314350971/index.htm)
Short term Technical Target
T1 - 126
T2- 131
SL - 116
1. P/E: 13.3 (Undervalued)
2. Book Value: 74
3. Debt to Equity: 0.01 (almost a Debt free company)
4. Current Ratio: 3.3
5. Net Profit Margins: 30%
6. Return on Assets: 10%
7. Return on Equity: 10%
8. Reserves & surplus: 22000 cr.
Overall, the company has a good and sustainable fundamentals and it shall perform well in future. As per the Motilal's research report the long term target is Rs. 180, a return of 50% from here on. (link to the report www.motilaloswal.com...8314350971/index.htm)
Short term Technical Target
T1 - 126
T2- 131
SL - 116
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active:
Finally, Breaking above consolidation, now it shall rally further up. Thanks
Trade closed: target reached:
Short term Target 1 reached and now closing to T2. Thanks
Trade closed: target reached:
Target 2 also reached. Thanks
