NeeteshJain
Long

ROLTA - AT "VALUE INVESTING" LEVELS

BSE:ROLTA   ROLTA INDIA LTD
1682 views
56
1682 15
It is been observed that the price action have dropped down to all time lows but the company structure and working have not much changed. It is running successfully with consistent quarter returns. I believe the company is trading at a "value investing" levels and it is a good time to enter with minimum risk at current levels.

Target 1: 65

Target 2: 75

Stoploss: 55
Jun 15
Trade active
Jun 15
Comment: Correction: Stoploss is 45 on closing basis.
Jun 15
Comment: Charging up, volume increasing.
Jun 16
Trade active: Around 5% up, counting on.
Jun 16
Trade active: 6.5% up, have a good one friends
Jun 18
Trade active
Jun 21
Trade active
Jul 10
Trade active: It jumped up 15% today, and shall further reach up to targets sharply in coming weeks.
Jul 10
Trade active
Oct 04
Trade closed: target reached: It had earlier reached the targets and now back to support zone again and showing good volumes.
The reason for the correction may be because of two reasons.
1. It has a huge debt of 5000 crores as per latest annual results. The sales have declined in FY 17 from 3799 crores to 3179 crores.
2. The annual results show an one time provision 536 crores due to accounting policy changes and hence posted a loss before tax. This has been adjusted by deferred tax and hence net profit has marginally declined from past year.

I agree that it is a value buy at this price given the niche areas they serve like defence. I hold this stock from past three years and has rewarded me with good dividends.
+3 Reply
NeeteshJain abhilashp296
@abhilashp296, Thanks for sharing useful insights of the stocks. Appreciate it.
Reply
Looks good and your target looks achievable in ur expected time frame. I might get skecptical if it goes below 50 though...

Nice one mate

Just to add. Hope it adds value



Thanks & All the best
+1 Reply
NeeteshJain indiamarketoutlook
@indiamarketoutlook, Thanks for sharing mate, worth a watch. Regards
Reply
The supply and demand zone trading strategies always works.....its really helpful....regards
+1 Reply
@niladri, Yes, it always work well in any markets.
Reply
Too good
+1 Reply
very helpful .... thanks @NeeteshJain :)
+1 Reply
Stoploss 55 or 50 ?
Reply
NeeteshJain Victory4sure
@Victory4sure, I have changed in comments, it is 45.
Reply
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