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
Trade active
⋅
Comment
⋅
Correction: Stoploss is 45 on closing basis.
Comment
⋅
Charging up, volume increasing.
Trade active
⋅
Around 5% up, counting on.
Trade active
⋅
6.5% up, have a good one friends
Trade active
⋅
Trade active
⋅
Trade active
⋅
It jumped up 15% today, and shall further reach up to targets sharply in coming weeks.
Trade active
⋅
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.
NeeteshJain
⋅
@abhilashp296, Thanks for sharing useful insights of the stocks. Appreciate it.
Ashu_2681
⋅
time frame??
NeeteshJain
⋅
@Ashu_2681, I believe it shall achieve in 4-6 months.
indiamarketoutlook
⋅
Looks good and your target looks achievable in ur expected time frame. I might get skecptical if it goes below 50 though...
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.