TradingView
MasterTrader1949X
Apr 14, 2024 1:29 PM

Patanjali  Long

PATANJALI FOODS LTDNSE

Description

Fundamentals:-
Market Cap ₹ 48,596 Cr.
Current Price ₹ 1,342
Book Value ₹ 282
Graham Number ₹ 380
Stock PE 59.1
Industry PE 17.7
Dividend Yield 0.45 %
ROCE 13.5 %
ROE 11.1 %
Promoter holding 73.8 %
Pledged Promoter 0 %
Debt 5 yrs ago ₹ 7,226 Cr.
Debt 3 yrs ago ₹ 3,467 Cr.
Debt ₹ 1,263 Cr.
Reserves ₹ 10,132 Cr.
Piotroski score 3.00
Its a Dividend giving stock but poor Piotroski Score.
Stock PE is approx three times industry PE.
Book value & Graham Number are lower as compare to its current price.
ROE & ROCE are ok.
Stock is reducing Debt since last 5 years & also reserves are more than Debt.
Promoter holding is very good & No promoters are pledged.


Technical:-
Stock is in Ascending Channel.
Supports are marked with Green horizontal Lines.
Targets and Stoploss as marked on the Chart.
Price is above 200 EMA on weekly chart (200 EMA is Near 1000).
Wait for more fall in this stock.

Levels:-
Accumulation Near 1000 & 760
(For long term investors accumulation below 800)
Stoploss 675
Swing Tgt 1215
positional 1750
LongTerm 2200

This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Comments
johntradingwick
Hi,

This publication has been chosen for the Editor's Picks and will feature on the page in.tradingview.com/ideas/editors-picks/.

Thank you for your valuable contribution to the TradingView community and keep up the good work!
tradinga140220
solid ekdum
captshree
Now a days I find their products sub standard. Hence I stopped using them....I Don"t know how many are doing the same. If BJP do not come in power these guys are going to be a big looser and stock will crash to death.
MasterTrader1949X
I appreciate it.
Thanks for your kind words.
Learn2earn12
thank you 😊
More